What hype? This thing has been severely un-hyped. The announcement today confirmed revenue received as previously indicated it would be a couple weeks ago. You see stocks like AT1 and other med stocks pump 30% on news of $1.3M revenues from the AUS government and the like, yet LDX had secured a $15M USD initial deal (plus annuities) and no one bats an eyelid. Next payment of $600K USD to show they can incorporate existing tech into an existing reader. Following payment is for $3.7M USD to show the reader can be linked to a digital readout via prototype. Hologic will be the ones who are required to then seek approvals, distribution etc of the tech from which LDX obtain annuities for.
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- Morning Trading June 19
Morning Trading June 19, page-169
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