RE: An Undisputedly Positive Few Months... No?10 Jan 2024 16:37
On your points
Revenue increased from about £1m to £2m. It was still under start of year projection.
Whilst it may be £6m -£8m this year if they do exceedingly well, there will have to be a raise. It seems that payments on the pharma services are staged so they take ages to register as income.
Cash runway is based on bootstrapping over the next 12 months. It is not a cause for celebration. The depressed SP has made a fundraise extremely unpalatable so they have had to put much of their work on hold, including, I reckon, the Solaris work.
Researchers have been using Parsortix for a number of years. They need to use it more. If it was as good as we think you would expect aggressive growth of the number of studies.
Berenberg are the house broker. An independent broker report would be necessary to be credible. Sadly analysts pay no attention to small caps, which is not Angle's fault.
The 250k from Eisai is indeed interesting. But it's a pilot with very limited certainty. So the jury is out.
As for the use of the word Breakthrough, Angle used the term on 3 RNS in the years 2017-19. The return on these previous "breakthroughs" currently stands at £2m. Not to mention the £100m or so that Angle has burnt through in the last few years.
Global have just increased their holding. Big deal.