Not a bad result and good to hear vaccine monitoring services being rolled out.
Will be interesting to see the next 3 quarters as those share allocations in exchange for 15mil in revenue expire 31/12/21, fingers crossed they have proved themselves in China with the recent applications as there was a 9mil revenue target set for this coming December from the Chinese operations so it might provide a little more motivation.
The agreement was announced December 2019, so it has probably been a bit rough given it was just prior to covid and floods etc. but lets see how close they can nudge it despite the current environment.
Also, there was language used where either malone (aus side of business) or Bao (China side of business) happened to over achieve then share allocation could still be considered if both sides met as a whole. Wonder if a favourable acquisition from the Aus side could bump this in time given an acquisition had been hinted at and was on the radar previously, which would be one way I could see it jump up to meet target.
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Not a bad result and good to hear vaccine monitoring services...
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0.2¢ | 7580060 | 8 |
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39 | 34745991 | 0.001 |
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