They are running lean on the cash front. If the military contract moves ahead in the last quarter CY19 there will be some cash from that and the Lung grant will help as well.
"RoverThe Department of Defence has selected a preferred tenderer for the prime contractor/turnkey supply,management and support of a new deployable medical facility for the Australian Army under theirprocurement project JP2060. Adelaide based SAAB Australia has been provided with further clarificationdetails of Micro-X’s proposal to supply the radiology segment for the facility. Signature of the prime contractwith the Commonwealth is expected towards the end of CY 2019." "At the time of writing, the Australian Lung Health Initiative has been advised that the group will be one of tenprojects selected from a large number of applicants to be funded in Phase One. Funding will be $960k todevelop detailed data and planning to apply for up to $50M for a Frontiers Stage Two application."
Receipts from Caresteam have picked up with Q3 roughly equal to Q1+Q2. Hopefully that will continue to build.
Next 12 months will be the test IMHO.
MX1 Price at posting:
31.0¢ Sentiment: Buy Disclosure: Held
