Cash falls to $1.9m as operating burn widens to $6.8m
First product sales arrived but losses widened materially, leaving only months of cash at the current operating burn rate.
Published 22 April 2026
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First product sales arrived but losses widened materially, leaving only months of cash at the current operating burn rate.
Published 22 April 2026
Read briefingHeadline +213.6% growth reflects the December 2020 acquisition lapping into a full period, not underlying expansion of the existing footprint.
Published 29 April 2026
Read briefingInvestment property revaluations drove the headline gain while capex at 55.9% of revenue absorbed most of the operating cash flow expansion.
Published 29 April 2026
Read briefingOperating leverage moved the wrong way in the second half, with the implied H2 loss running roughly five times H1 and cash burn consuming nearly half
Published 23 April 2026
Read briefingGross margin expanded 300bps to 63% on the GP portfolio shift, but operating cash flow weakened and ROE eased from 73.4% to 50.2%.
Published 22 April 2026
Read briefingHeadline cash fell from $19.2m to $2.3m as Rua moves to commercialisation, with the loss widening only modestly.
Published 22 April 2026
Read briefingReported loss narrowed in dollar terms but operating cash outflow grew, drawing cash down 17.8% and total equity 13.4% over the period.
Published 23 April 2026
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