RE: RNS out20 May 2025 09:36
Said this last month,
"It will be interesting to see the next financials, as they are open and now and do have revenue in the shape of Engsolve. With the test centre open, the funding to build on existing model the outgoings won't be as high as prior. They have no debt although at the mercy of the shareholders if they can manage overheads they have at least time on their hands. So those will be key to the duration this can keep facilitating its business until a customer base is built. But from this window currently, its not striking me as something about to knock on the door of the industry with a bang.
Then again a fortnight ago,
"No I'm not seeing Engsolve as a capable income source to effect the stock itself for shareholders, but a view if their work load is high, close to maximum, our outgoings reduced in terms of factory build, inspections etc and debt either zero, or minimal. I'm sure it's zero. Then it gives it time, so a comment earlier here about the need for raises, funds for 3 more years can be staved off to an extent.
Now it looks like it's going the way I thought, and going back to Janux actual real decent offering, its a Shame he didn't lead here with that stuff. But 12 to 18.months for a site is needed, I agree and I think Avioxx will be that for us. And Engsolve will keep the lights on for the interim. Unfortunately it's a long run, on top of what's been a long run