RE: Interest picking up10 Nov 2024 21:09
There is very real potential for one or more of these to generate initial (albeit modest) payments as early as this financial year, with potential to multiply quite dramatically thereafter. Seemingly unrecognised in the Group’s current valuation, any such breakthrough adoption would be transformative for the Group both financially and in terms of reputation. Yet, based simply on the current trajectory of new FFS work being sustained along with this year’s expected scaling back of its cost base, the Board considers last July’s fundraise (plus annual R&D tax credit) will be sufficient to satisfy working capital needs out to mid-2026, by which time anticipated receipt of licensing fees should enable the Group to become financially self sustaining.
So a long cash runway and huge potential . Valued at 5m with around 3m in cash in the bank . I've seen much poorer companies worth multiples of this mkt cap and that's without the potential