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

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