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

Alternate Symbol(s):  MBXBF

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

TSX:MBX - Post Discussion

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Post by prophetoffactz on Feb 10, 2023 3:58pm

Confidence

MBX expects meaningful profit growth this year vs. last year DESPITE the $1.2 million loss in the first quarter. Think of the profit it needs in the remaining three quarters to get there and we are already well into Q2. The decisions that motivate the QAP client pipeline are also very deliberative and take time. That can be a huge source of confidence for MBX. There is planning ahead of revenue. The pipeline isn't going way. Again, we are already over one month into Q2 and there is likely already significant visibility into Q2 and Q3 at this time. MBX was buying share back in full knowledge of the last quarter and likely has significant visiibility into Q2 and Q3.
Comment by Mbxwatcher on Feb 10, 2023 4:23pm
Adelaide Capital webinar is Valentines Day  Hopefully we find out lots more.............
Comment by wizzdumb on Feb 10, 2023 7:37pm
We are already four and a half months into their fiscal year so if this is actually going to happen they must start getting deals signed, built, and shipped asap. We have seen only the one agreement last year so there has to be a flurry of announcements coming if they have any hope of actually meeting this level of revenue of profit. This and VTM will be big portion of questions in Tuesday meeting ...more  
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