RE: Still burning cash30 Jan 2025 23:17
Yes guess the VAT refund was a welcomed boost and one must question the huge sums of cash NCYT have used up over the years.
I note the bit about pets tests and think this is one growth area to watch.
I do think NCYT need a strategy to convert revenue to cash which equals profit otherwise it’s a bit of a clouded way of saying things.
I like to see profits not always just revenue growth however I understand revenue growth is vital but I’m looking to see signs it’s being converted to profit.
I don’t see any capital raise for years unless an acquisition is planned.