FINANCIAL UPDATE As of 31 March 2025, the Company had a cash balance of approximately $4.6 million. The Company recorded net operating cash outflows during the quarter of approximately $2.5 million which consisted of research and development costs ($318k), product manufacturing and operating costs ($83k), expenditure on advertising and marketing ($307k), staff costs ($994k) and administration and corporate costs ($815k). Interest was received of $15k. On 16 April 2025, after quarter end, the Company confirmed receiving a $1.09m refund from the Australian Tax Office for its research and development under the Australian Government Research & Development Tax Incentive program.
The Company established an “At-the-Market” (ATM) facility with Alpha Investment Partners (Alpha) announced to the market on 23 October 2023. The announced facility indicates availability of up to AUD $30m capacity.
CPV Price at posting:
12.5¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)