Australia's largest stock trading and investment forum Australia's #1 stock forum

LDX

Click for more information

3.13%

3.1¢ lumos diagnostics holdings limited

Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-146

First 146 Last

Share
Profile

Follow
IVacuumEveryDay

527 Posts.

32

25/05/24

16:54

Post #: 74007635
Share

Originally posted by Surandy70: ↑

Excluding the $5m from the Hologic deal the cash burn reduced in the March quarter due to increased revenues.

Given their circumstances it would be reasonable to assume that revenue continues to increase in the June and subsequent quarters from sales of FebriDx increase with the expanded distribution channels and exposure.

Excluding the unused debt funding and Hologic IP deal they have sufficient funds to get through to the end of calendar 2024 with current cash burn. The additional revenue from FebriDx should see the cash burn reduce however the unknown is how much by and how long they their current cash can last until the CLIA waiver is granted.

IMO it is this uncertainty which is adding to the current share price weakness, along with a reluctance of buyers to step into the market until the current share price slide shows signs of subsiding. Added to that there is the element of tax loss selling, as such I believe that we won’t hit support until July.

Disclosure, I had an earlier order at 5.5 which I pulled due to a competing opportunity and am still looking at topping up at some point in the near future.

Expand

I'm planning on topping up as well if it goes at or under 3 cents.

LDX Price at posting: 3.6¢ Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

3DA

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

PR1

Nanocap Pure Resources acquires Reedy Creek garnet project, WA

PRS

Prospech finds dynamite heavy REE grades from historic core in Finland

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Trump is President Again: What Does This Mean for Crypto?

There are more pages in this discussion • 15 more messages in this thread...

First 146 Last

Add LDX (ASX) to my watchlist

(20min delay)
Last 3.1¢		Change -0.001(3.13%)		Mkt cap ! $23.11M

Open	High	Low	Value	Volume
3.1¢	3.2¢	3.0¢	$32.35K	1.037M

Buyers (Bids)

No.	Vol.	Price($)
3	207934	3.1¢

Sellers (Offers)

Price($)	Vol.	No.
3.3¢	443315	3

View Market Depth

No.	Vol.	Price($)
3	207934	0.031
3	233193	0.030
3	124680	0.029
2	378000	0.028
1	200000	0.026

Price($)	Vol.	No.
0.033	443315	3
0.034	222522	1
0.035	550000	2
0.039	135000	1
0.040	100000	1

Last trade - 16.10pm 11/11/2024 (20 minute delay)

LDX (ASX) Chart

SPONSORED BY