RE: Millions in the bank , but can't turn a profit, unbelievable6 Jun 2025 22:49
Diagnostic companies lose money - until they don't.
See the Novacyt SP prior to 2020. 8 years of decline and losses until 2020 were they made £211 million in 9 months time.
Such an event can take place again tomorrow, or in 30 years. That is the risk we all take as a shareholder.
Until that time we have to hope that the board will make the right decisions investing in areas that they think will have the best chances of decent organic growth, so that EBITDA break even will be reached (well) before the cash position runs out.
Again, that is the risk we take.