This is the report from RAP
Is this a huge loss also?
"
The net loss for the year ended 30 June 2016 was $3,207,577 compared with a net loss of $489,321 for the previous year. The Company had a net asset position as at 30 June 2016 of $16,046,358 (2015: $484,941). The loss for the current year is attributable to operating activities and research and development costs incurred following the acquisition of ResApp Diagnostics. The prior year loss was attributable to increased legal services performed in relation to the acquisition of ResApp Diagnostics Pty Ltd. "
Net loss is 3m, last year it was just 400k. HUGE 3m LOSS
If you dont understand how business works please dont invest in share market
Ann: Preliminary Final Report - Appendix 4E-XPE.AX, page-38
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