Hi @BullsnutsFor a startup, in my opinion their cash burn has been reasonable (see the half yearly results below).
The $5m Australian Govt grant will help them move towards break even. Expansion into home care and overseas is just starting and has the potential to add significantly to revenue in the next few years. Competition may arrive at some time in the future, but hopefully by then PCK has already taken a major proportion of the market.
International Market Milestone Achieved with UK Distribution: https://www.asx.com.au/asxpdf/20190527/pdf/445cx4r1sdzf1l.pdf
PainChek General Discussion, page-3270
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Last
2.8¢ |
Change
-0.002(6.67%) |
Mkt cap ! $45.84M | |||
| Open | High | Low | Value | Volume |
| 2.9¢ | 2.9¢ | 2.8¢ | $7.462K | 257.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 1209083 | 2.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.9¢ | 60000 | 1 |
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| Last trade - 14.48pm 18/11/2024 (20 minute delay) ? |
| PCK (ASX) Chart |