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They likely have a R&D tax refund coming at some point which...

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    lightbulb Created with Sketch. 27
    They likely have a R&D tax refund coming at some point which will boost cash reserves a bit.

    Hope they can sign one or 2 larger contracts, that would likely make them cash flow +ve.

    They have an excellent capital structure and an acquisition would make sense. See what happens I suppose
 
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