LDX lumos diagnostics holdings limited

A couple points from my take:- Cash balance between last quarter...

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    A couple points from my take:
    - Cash balance between last quarter to this quarter : $3.4Million > $6.5Million
    - $300K in product sales this quarter plus $700K last quarter = $1Million product revenue half year
    - 2 new manufacturing customers on board
    - Scope of work for existing customers expanded to continue ongoing work and services revenue
    - Funding available of $6.475M + $2.667M finance = $9.146M

    Regarding CR potential, 2.6 quarters of funding left however, I believe the company is very positive on its ability to complete the FFN contract which has a remaining $4.3Million payable subject to those milestones being achieved. The company also will have furthering revenues from product uptake given the expanded regions in AUS/NZ for the remainder of the flu season and the next quarters will see uptake in further product sales in the US over the coming 2 quarters. Also continued services revenue from current jobs and their 2 new customers.

    Pros:
    2023 product revenue: $300k > 2024 product revenue: $1.2Million.
    25 distribution channels for product in the US alone and 4 more still in negotiation
    Expanded global footprint this quarter into AUS/NZ and Belgium = expectation for further product growth over the next coming quarters.
    Expected further distribution news as indicated by Paul (maybe hear more tomorrow)

    Future:
    - Continuation of FFN work with eventual completion and funding. Further indication of ongoing annuities likely announced once project completed.
    - 4 new distribution channels for product in the US
    - Product growth in new regions and annual sales given alternating flu markets
    - 2 new manufacturing clients for ongoing work
    - Existing services work expanded with continued revenues.

    All looking positive.

 
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