RE: Aptamer9 Jun 2025 09:17
Hi GordonGecko123,
"The company have stayed several times they have cash until h2 2026 and that's without new contracts"
That is simply not true when you read the latest accounts
"3. GOING CONCERN
The Group has reported a loss after tax for the six months ended 31 December 2024 of £1.1 million (six months ended 31 December 2023: £1.8 million). The Group had a cash balance of £2.0 million at 31 December 2024 (31 December 2023: £1.8 million). Since that date, the Group has received R&D tax credits of £0.2 million and at 28 February 2025 still had a cash balance of £2.0 million.
The Directors have considered the suitability of the going concern basis in the preparation of these interim results, which includes assessing an internal forecast extending out to June 2026. The Directors consider that this forecast represents a reasonable best estimate of the performance of the Group over the period to June 2026. In the forecast, revenue is forecast to grow based on a risk adjusted review of the current sales pipeline. Should these sales materialise then the cash runway extends more than 12 months from the date of these interim results.
The Directors have also considered a plausible downside scenario where revenue growth is slower than expected. Should this downside materialise, then the Group would need to seek additional funding. The Directors have a reasonable expectation that the Group will be able to access further funding, which could come from a variety of dilutive and non-dilutive sources, the latter including the licensing of intellectual property it has developed to commercial partners, several of which it is in discussions with for such a licensing deal.
However, there can be no guarantee that the Group would be able to raise additional funding from an equity fundraise to new and existing investors, nor that the Group will successfully complete any licensing of its intellectual property assets in the near term.
Based on the above factors, the Directors believe that it remains appropriate to prepare the interim results on a going concern basis. However, the above factors give rise to a material uncertainty which may cast significant doubt over the Group's ability to continue as a going concern and to continue realising its assets and discharging its liabilities in the normal course of business. The financial statements do not include any adjustments that would result from the basis of preparation being inappropriate."
If Sales meet there forecasts & timing then yes they have a cash runway to at least June 2026, if they don't then they will require additional cash.
LOTM
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