Bullboard - Stock Discussion Forum Microbix Biosystems Inc. T.MBX

Alternate Symbol(s): MBXBF

Healthcare Biotechnology

Microbix develops proprietary biological technology solutions for human health and well-being, with about 90 skilled employees and sales growing from a base of over $1 million per month. It makes a wide range of critical biological materials for the global diagnostics industry, notably antigens for immunoassays and its laboratory quality assessment products (QAPs™) that support clinical lab... see more

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Comment by mercedesmanon Nov 24, 2023 8:51am

RE:RE:RE:RE:Still too many crazies out there

Prudent for them to hold cash on the balance sheet. It was mentioned that prospective customers like to see a solid balance sheet with cash before making large or LT contractual commitments ...more

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Comment by RICHOFFMBXon Nov 24, 2023 1:17am

RE:RE:RE:Still too many crazies out there

Fiscal '24 they will be making record revenue and they plan to keep +/- $10M cash on hand. They did buy back 2% of their shares via NCIB over the last year - had planned to buy more but their ...more

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Comment by rjc7on Nov 23, 2023 7:15pm

RE:RE:RE:Still too many crazies out there

They do issue shares annually as a part of employee compensation. This year is the only year they have been buying back stock to offset any dilution. They have bought back more than they ...more

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Comment by rjc7on Nov 23, 2023 7:00pm

RE:RE:RE:RE:Still too many crazies out there

They must have something else in mind.

Discussion

Comment by lscfaon Nov 23, 2023 3:14pm

RE:RE:RE:Still too many crazies out there

Co. expanded plant for DxTM which has now zero sales. Slide deck says this equipment can be used for other SKUs.

Discussion

Comment by wizzdumbon Nov 23, 2023 1:19pm

RE:RE:RE:Still too many crazies out there

1. Yes but not in recent history with current management team 2. Definitely not 3. Soon

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Comment by John14v3on Nov 23, 2023 12:46pm

RE:RE:Still too many crazies out there

Hi All, A couple quick questions, the answers are for sure in the financials but maybe someone can answer for the team. I see there is a normal course issuer bid, so they must have some free cash ...more

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Comment by lscfaon Nov 23, 2023 11:08am

RE:DxTM sales blip makes revenues look flat

DxTM sales makes MBX appear to be a pandemic opportunity co. which are now out of favour. Slide 13 says multiple opportunities to develop and DxTM sales to continue.

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Post by lscfaon Nov 23, 2023 11:02am

DxTM sales blip makes revenues look flat

Qtr ending Antigen QAP DxTM Royalties/Licensing Total ...more

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Comment by wizzdumbon Nov 23, 2023 9:32am

RE:Still too many crazies out there

I was happy to get another 30k added to the pile on the cheap yesterday and will be holding on to all of them. It's a complete no brainer to anyone who can do some basic math.

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Comment by RICHOFFMBXon Nov 23, 2023 9:23am

RE:Still too many crazies out there

Agreed. Too many impatient investors. We're back to prices from 2020, despite the increase in intrinsic value. I am prepared to wait years and will continue to load up in the .20-.30's. If you ...more

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Post by rjc7on Nov 23, 2023 7:45am

Still too many crazies out there

Seems like there are still too many crazies out there holding buckets of cheap shares either dumping for pennies or they just don't understand this company. Until they are flushed out and ...more

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