RE: Trading update.23 May 2024 07:47
The extract below is from an RNS issued today our old friends IQAI. Tom had better get a move on as this product already does a lot of Bleepa functions and is now working on adding imaging.
On the trading update the further pushing out of contracts imperils our cash position ,and there is no positive statement in the update on the length of the runway . I fear further dilution. And do any of us know what the cash position is now-what is the market expectation for cash we are in line with. Too vague .... So once again Tom had raised high expectations of hearing news in the short tem and now again has to row back. Either he is naive or not telling the whole truth . Very disappointed . The QVS procurement is particularly galling given last year's debacle.
The full IQAI rns is worth a read -they are catching us up.
"The product roadmap for IB Nimble is clear. By the end of 2024, our development team will have completed significant enhancements to the software architecture, including the addition of a highly requested feature - viewing medical images," said Tim Dondlinger, COO of IB. "In advance of that, we are already working on our sales pipeline," added Mr. Dondlinger.