RE: Sweetbiotix update15 Dec 2023 19:41
From 01 Nov 23 rns
The Company's focus for 2023 has been on achieving profitability on a per business unit basis and, once achieved ultimately resulting in overall profitability. This is being driven by a reduction in costs, a focus on existing partners returning to forecast, bringing in new partners particularly in the USA and Asia, and building an e-commerce business through multiple channels to reduce partner dependency. This update seeks to capture the progress made with first generation products since the restructuring of the management team in March in each of these areas.
An update on second generation products will be provided separately in due course.
I have separated the last line from paragraph as released in rns - certainly didn't suggest to me that it would be before Dec 23 nor unfortunately early 2024 - we will see
Prior to that we had 27 Sep 23 half year report
i've edited to sweetbiotix reference only - which basically is the usual opti speak
We are particularly excited about our second-generation products approaching commercialisation given their uniqueness in the marketplace. Our sweet prebiotic fibres, called SweetBiotix® create the opportunity to replace unhealthy calorific and cariogenic sugars with healthy fibres in a wide range of food and beverage products. With growing health concerns over traditional sugars and sweeteners, the commercialisation of SweetBiotix® meets a large global market need.
mol