Today's announcement on achieving US reimbursement codes is very positive. Agree with others that this should be the year we finally see comercialisation and sales.
Also agree at 100m market cap, it's a bit mispriced. However I think that's because anyone having a quick look at the company will see a horrible financial picture and a high chance that a capital raise will be required urgently. So many will avoid this one after a quick look. It takes a deeper dive to see the full picture. CR may still be required, but I think the company is doing everything to avoid it, or at least delay it until there is further positive share price momentum.
Currently no recognition of their IP on the books. Intangibles are zero. Once first sales come in we should see some accounts receivable at least, and possible a recognition of intangibles on the books. I think this would bring in further interest to such a small market cap.
Realistically, profitability is probably still 3-4 years away. I would expect any revenue that comes in to go straight back into research and product development. That is what I would want to see at least.
PIQ Price at posting:
$1.00 Sentiment: Buy Disclosure: Held
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