RE: Concerned on court costs10 Jan 2024 10:07
From Broker note in December
On the practical side, this distraction is now over, and the company can fully focus on the task of delivering revenue growth and profitability under existing cash resources. In this respect we iterate our view that CAX-XX is funded through FY24E even on a downside scenario.
From RNS today
The Directors of CAP-XX believe that the Delaware District Court judgment will not have a materially adverse effect on CAP-XX's ongoing business, which remains in line with the update provided on 21 December 2023.
As previously reported, the Company looks forward to proceeding with its current product range, supported by a strong portfolio of current IP, to focus on the key short-term actions to maximise sales and deliver profitability.