So it’s a $300,000 cash flow positive position now plus money in...

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31/07/24

12:34

Post #: 75002695
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Originally posted by LongTony: ↑

It's hard to understand why you and the vacuum obsessed poster are saying "2.6 (or less than three) quarters of funding left".

The revenue for the quarter was $4.3M; costs for the quarter were $4M; that's a $0.3M surplus. That's profitability.

The business didn't consume cash in this quarter, it generated cash. Cash flow was even more pronounced in how positive it was for the quarter; $3.4M inflow.

You only divide the bottom number by the top number in section 8 of the report when the top number is a cash outflow; that's why the remaining quarters of funding cell is blank in the report. They are generating an operating surplus; we only need to go back to calculating remaining quarters of funding if(/when) we have a quarter that consumes cash at an operating level.

The real thing that bothers me about this business is their inability to get the product into the market - everyone is going to the GP in Australia crying out for a test to see whether they have "Covid" or the "flu"; and society is crying out for the viral v bacterial test. No GP I've ever spoken to has known that there's an approved 5 minute test for both of these questions - and that sh!ts me! Revenue should be $100s of millions a year by now

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So it’s a $300,000 cash flow positive position now plus money in the bank.

And all that’s needed is the correct promotion of the LDX products.

LDX Price at posting: 4.8¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 2.9¢		Change 0.000(0.00%)		Mkt cap ! $21.70M

Open	High	Low	Value	Volume
2.9¢	3.1¢	2.8¢	$36.41K	1.280M

Buyers (Bids)

No.	Vol.	Price($)
2	265000	2.8¢

Sellers (Offers)

Price($)	Vol.	No.
2.9¢	135184	1

View Market Depth

No.	Vol.	Price($)
2	265000	0.028
4	618288	0.027
2	843000	0.026
6	601153	0.025
1	1238229	0.024

Price($)	Vol.	No.
0.029	135184	1
0.030	250000	2
0.031	250309	3
0.032	51725	1
0.035	88000	1

Last trade - 14.55pm 19/06/2025 (20 minute delay)

LDX (ASX) Chart

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