Ann: Quarterly Activity Report & Appendix 4C, page-3

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    $9.19m for FY2025, $2.73m for June Q, 35.8% YoY growth. CQGR of 9.5% over 3 years. Does not include US Remplir revenue

    Healthy cash buffer for now. But execution risk is real — the US launch could turn cash hungry quickly.

    Burn rate >$3.5m/qtr with uncertain near-term payoff.

    First use in US complete.first use is not equal to commercial traction. Come on

    No detail on sales growth in Striate+ from BioHorizons — only vague praise like “momentum building"
 
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