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What debt ? They run a capital light model. They have a £100m revolver which is largely undrawn and runs until May 2025 (standard practice) and a small £4m facility with Svenska until Sep 2024.
If you think they have a ton of debt which they are struggling to pay then please let me know the details.
If you ever read the Times comments section, very few people currently realise that lab-grown meat and fake veggie crap glued together are not the same thing. The ignorance gives us a real chance to buy before the penny drops.
They need money. They were very clear that they only have cash to get them through Q2 24.
So the question is - will we get diluted with a crappy raise at 5p or will they have a great story and a couple of industrial sponsors to justify 20-30p ?
If you use private medicine here you will see that the scanning service is very much a profit driven unit. I had a simple ankle issue and ended up with 4 different scans included a “Spect” scan all because I had unlimited insurance. My mate in NHS said WTF were they doing all that for?!
Https://www.telegraph.co.uk/money/investing/stocks-shares/barratt-shares-chance-capitalise-coming-house-price-boom/
Look at bottom after Barratt. You can choose to believe Questor or not but he has written it today.
Group revenue has continued to grow with H1 2023 revenue of c.€2.1 million, an increase of 18% (H1 2022: €1.8 million)
ENGAGE revenue is the main driver of the increase with revenue in the period of c€1.9 million, up 30% (H1 2022: €1.5m)
ENGAGE revenue comprises 91% of H1 2023 total revenue (H1 2022: 83%)
Gross margin in H1 2023 was 93%, up 12% (H1 2022: 81%)
VIDA use AI to interpret the data produced by POLX scans. They will have a symbiotic relationship. Radiographers everywhere are being helped by AI so it's natural that POLX will want to make sure that their data is well understood from the start.
I haven't read them but 1 star reviews tend to be written by angry idiots. Along the lines of: "I ordered this 3yr old Batman suit for my 10yr old and it didn't fit !!! Now he can't go to the party and it's all your fault !!!"