Depends on your view as to whether you read into it glass half full or empty. The announcement states that around $2m in orders was received between 12th July and 12th August, included in that was the initial supply to a top 5 alternative medicine clinics. That order is part of an executed agreement for $28m minimum spend over the next 24 months. That in itself doubles the average quarterly revenue which is significant.
ASX perhaps wanting to see some further details about such a significant agreement.
With $1.9m in receivables, stock on hand and an uptick in sales this quarter could be cash flow positive depending on timing of receipts but a chance.
Have a good weekend and hope to see some clarity Monday. Cheers
BXN Price at posting:
1.3¢ Sentiment: Hold Disclosure: Held
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