Who the hell includes an R&D tax credit as "earnings"?? Its just so disengenous and share price shows the market just doesnt by the spin from these people.
Operating business is still burning cash even after all the waffle about strategic cost out blah blah blah.
Only cash flow positive due to R&D refund.
Remains a low quality business
Ann: NNG Quarterly Activities Report and Appendix 4C Dec-23, page-8
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