Well one positive out of a pretty negative and non inspiring newsletter IMO for holders is the cash burn rate versus sales graph for year 2025 looks impressive if they can actually achieve the result. Do the figures actually add up though in the rest of the presentation unless I've read it wrong? And for 2025 the Nationwide telehealth platform funding may finally come to fruition for Nico which certainly is the term I hate to use - game changer!
Though overall it appears not fantastic I look at a listed biotech Company which I like to compare and they have a heap more cash than Nico (about 25 million), but their cash burn rate is huge IMO and their earnings for FY2024 wasn't much more than Nicos. Market cap of this one is over 180 million.
