Progress on DARPA WASH program.ResApp received additional funding from Lockheed Martin during the quarter and continues to collaborateon the Defense Advanced Research Projects Agency (DARPA) Warfighter Analytics using Smartphones for Health (WASH) program.
Strong balance sheet to advance ResApp through commercialisation. The company held cash of $3.8 million as of September30, 2019. ResApp recently filed its FY2019 tax return with the Australian Tax Office and expects to receive a $1.8 million R&D tax incentive cash rebate.A significant proportion of ResApp’s R&D spend for the current (FY2020) financial year will also be eligible for the R&D tax incentive.
No raise needed for the foreseeable future.
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Currently unlisted. Proposed listing date: 4 SEPTEMBER 2024 #
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