I just checked polynovos' half year report and they not cash flow positive.
$2m cash out flow from operations
$3.4m cash out flows from investing
They had $8m on hand - so at that cash burn rate that cash will last till say September where as Avita at their burn rate have enough for about 4yrs.
Just thought i would bring facts to the arguments. I have been looking at Avita. Yet to make a call whether to purchase or not.
I just checked polynovos' half year report and they not cash...
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Last
$2.52 |
Change
0.140(5.88%) |
Mkt cap ! $170.2M | |||
| Open | High | Low | Value | Volume |
| $2.44 | $2.54 | $2.43 | $875.5K | 352.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 250 | $2.52 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.53 | 18494 | 1 |
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| Last trade - 15.59pm 09/07/2024 (20 minute delay) ? |
| AVH (ASX) Chart |