For once i half agree with you that there are no surprises.
The CEO, Board, and Management deserve drum rolls and a pay rise for saving $2 million in staff costs compared to the prior comparable period. What a way to make the underlying numbers look good—lay off people, destroy the morale of the remaining staff - a cheap and desperate corporate strategy. The once health tech darling of the ASX is adopting these measures instead of showing potential through sales, innovation, growth, and expansion.
With a cash balance of $7.6 million dwindling fast, there isn't much left before another capital raise happens at the last minute.
ALC Price at posting:
5.2¢ Sentiment: Hold Disclosure: Held
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