AT1 FY21 - General Discussion + FA, page-891

Good comments

Atomo Diagnostics posts gains across key metrics
The company reported a revenue increase of 389% to $4.58 million for the first half of FY21.Gross profit was also up, jumping 278% over the prior corresponding period (pcp) to $2.52 million.Atomo reported a negative netoperating cash flow of $193,300 for the period, which is a 91% improvement on the pcp.The business increased the number of devices it produces monthly.During the first half of FY21, it progressed from producing 750k devices a month to 1.6 million.Cash and cash equivalents amounted to $24.7 million at 31 December 2020, which is a dip down from the $27.1 million reported at 30 June 2020.Atomo noted that it invested a total of $2.29 million in R&D activities over the 1H FY21 period.

These are not good financials? It usually takes a business 2-5 years to make a profit. I'm not sure much more could be expected at the moment. Thoughts?