While it's nice to see the progress and the generous $3m government grant its missing the targeted hospitals for the 2023.
This statistic should be included for shareholders so we can keep management accountable.
A nice healthy cash balance and runway but it would be good to increase targeted spending imo to fast track sales. This sector is about getting into hospitals first, once you are in - you are in. First mover advantage.
Page 6 indicates we had approximate $1m (750k +$250) revenue run rate at end of 22, and have about $4.5m in sales opportunities already for 23. So, with an approximate 9 month sales lead time we could optimistically have a >$5m revenue run rate by year end.
Nice work cracking in the QLD health system and winning 12 hospitals. Now we are in this should expand and also generate referrals to other states and non government hospitals.
Good decision to target USA. Thats where the biggest health system is and also the largest capital markets for funding opportunities / buyouts.
It seems this is going to take a while to play out but our valuation should only increase with time.
