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https://seekingalpha.com/article/4543808-novacyt-s-nvytf-q2-2022-earnings-call-transcript
Operator
That's great. Thanks for that. How does the reduced cost base leave you placed to execute your strategy?
James McCarthy
Yeah. So, I shall take that one. I don't think it affects our strategy as we lay it out at the moment. I think I mentioned in the results, particularly in relation to R&D, we actually increased our R&D spend in the first half of this year over last year. We increased R&D spend significantly. So, I think we're walking out to protect the investment, as I recall, and repeat the front-end of the business, which is R&D and sales and marketing in [commercial end] [ph].
And I think if you look at our full-year costs, I think it's around like 10 million, which half our cost base, is under half our cost base this year will be spent across R&D and commercial. So, these are considerable [sums] [ph]. We're still investing in the front-end of the business. And we believe that this efficient support strategy is, we [plan a lot at the moment] [ph].
Indeed poidster, i Can only agree.
We know they spent a hudge amount of money into R&D in 2022. Was it 5 or 10m i dont recall. Must have been said during a presentation i think.
Something should Come out of it at some point !
Hi Neilrich, no not new, there are two versions.
Sée salessheet : https://novacyt.com/fr/produit/mygo-mini-and-mygo-pro/
Neilrich, eurofins also redirect to that website : https://www.eurofins.com/contact-us/worldwide-interactive-map/united-kingdom/eurofins-microgen/
https://twitter.com/Larry64450205/status/1620448991786995712?t=TPUMo34GHcFR9hXGkQ91kQ&s=19
They spent way more in R&D than in the previous years.
From the Novacyt S.A. (NVYTF) Q2 2022 Earnings Call Transcript, i read that R&D and commercials spendings are about around 5m for 2022.
In h1 2022, RD costs were 70% or so higher than in the previous year.
That wont surely be every year.
Then, the ltip Was to be paid in 2022 too.
Im not very alarmed in the use of the cash atm.
Of course, like captainswag told, i would have like to see,but surely like everybody too, a use of cash for aquisition.
One day maybe...
https://twitter.com/Larry64450205/status/1618510180970557440?t=xIrducV7j8cpKKF4bei-eQ&s=19
Even a second one this am
https://twitter.com/NovacytGroup/status/1617462522277249024?t=9yjeOvm89861qFVp8iiKMg&s=19