CMS Proposes Major Increase in Reimbursement for Canaloplasty, page-49

For those who were speculating the company may look to do a raise, MST believes the company is more likely to announce a profit than need to ask for more cash. The full report is available on their website. Today also helps to prove the company shares in that view, as they did not go and release an announcement relating to the proposed changes (although we can expect one to arrive when the changes are finalised). Hopefully puts the silly cap raise speculation to rest! If MST is right, the company should be announcing something close to breakeven for FY24, and potentially a profit as early as the first half of FY25 (the half we are currently in).