That's a great way to end the financial year to June 2022!
Plenty of cash at just over $ 26 million - so that's just over 13 quarters of funding at current cash burn rate and zero debt !
Nice to have the Patents all listed for easy reference for those who like to follow progress.
Good update on Commercial Agreements also..
I think we have out grown the University of Adelaide's Graphene Hub now and have two very Impressive verticals to concentrate on and aim towards commercialization. Interesting to see we have concluded the IBM Start up program and moved beyond the program to be viewed now as a genuine Quantum hardware Company rather than a startup - strong words!
Archer is in discusses with IBM regarding other programs and announcements will come in due course - sounds very positive!
Good to see the company out there pursuing exposure to global industry participants - I'm sure it won't be long before we have more partnerships judging by the advances Archer is making in both 12cq and Bio Chip technologies
All in all a very positive Quarterlies Statement.
As I mentioned earlier, I do feel Archer has entered a new phase and looking forward to seeing what's in store.
Well Done!
Tonza
That's a great way to end the financial year to June 2022!Plenty...
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