Yes, I see the mistake. You didn't notice that the 570 in 8.1 is a positive number rather than a negative number as it normally is in other quarters. This is because the R&D rebate was higher than the spend for the quarter so it makes them look like they made a profit. We all know that not the case and the R&D is not there in coming quarters. More importantly if you use the $570k profit as a legitimate basis for calculations then they can keep running forever !
To figure out the actual loss for the period (removing the R&D rebate) take the $570k and deduct the R&D grant and you have a loss of just under $1.1m per quarter or $360 per month.
BIT Charting, page-1525
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2.2¢ |
Change
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Mkt cap ! $19.85M | |||
| Open | High | Low | Value | Volume |
| 2.2¢ | 2.3¢ | 2.1¢ | $5.848K | 265.8K |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1098181 | 2.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.2¢ | 97130 | 1 |
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| Last trade - 15.32pm 17/09/2024 (20 minute delay) ? |
| BIT (ASX) Chart |