NXS 6.67% 24.0¢ next science limited

I noticed a small change in language between the HY (late Feb)...

  1. 4,178 Posts.
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    I noticed a small change in language between the HY (late Feb) and the Annual Report (early April).
    Maybe reading too much into it, but compare for yourself.

    Half Year - Expect to be EBITDA and Cashflow positive during H2 FY24
    Annual Report - Next Science expects to achieve a cash flow positive position on a monthly basis by the end of FY24.

    There was no reference in the Annual Report to EBITDA positive.
    And now cashflow positive only on a monthly basis by December 24.
    They lost $1m a month last quarter.
    They had $9.2m left at Dec 31st, but that is now likely to be under $7m at best, maybe closer to $6m.
    I doubt IV will be comfortable with less than $5m in the bank given the global environment.
    That potentially means he raises in June / July, after tax loss selling.

 
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