Mason- when I read it back30 Aug 2024 12:50
It's just incredible PYC is still £1.4mln when lots of companies are £10-20mln who generate little or no revenues
A simple summary which hopefully answers your Q, other holders might correct/add
a) what are the main 'products' and offerings of PYC?
* use A.I and mathematical modelling to design and interpret data for drug companies
*therefore their main business is.software consultancy and work with medium and large companies often with long standing relationships and repeat business.
* they've also been designing a dosing tool to help with dosing regimes and this tool could be adopted by companies and generate significant revenues
* they are also setting up a biostatistics division as interpreting data is becoming more and more essential and in fact required by the FDA etc
b) how do they make money - one-offs, recurring revenue, long term contracts?
* they have moved in last 5 yrs from reliance on on major customer (Merck) to over 20-30 clients, many of which now place repeat business, they are also gaining new customers via social media awareness, industry initiatives.and global conferences
* many holders believe revenue sharing agreements should be the next step potential.
c) what realistically are the prospects for PYC
profits and more importantly for us as PI's the SP over the next 6,12 and 24 months?
* PYC won record contracts for 2023/24 of £900k+ and already have £500k booked in month 1 of this 12mth period (July 2024-june 2025) with estimates being that £1.2mln-£1.3mln should deliver profit
*growing need and awareness of A.I in drug development and now new FDA guidance that drug companies MUST have used data modelling means PYC.is well set for 2024+
d) linked to the above, what would be the catalyst(s) to PYC taking off?
( see the excellent summary from KingHomerJ which I posted 10pm last night )