Microbix Biosystems Inc. T.MBX

How many new products does it take…

[rjc7]

It seems no matter how many new products they launch, the market just refuses to react. I just don't get it. On the other hand, I suppose developing them, and actually selling the product or two different things. Time will tell. I suppose that's what the market is waiting for. I guess we will have to wait a few more quarters to find out.

[Mbxwatcher]

I believe the market needs to see more QAPS deals. I re-read Bruce Krugels last report just the other day.  At this time the consensus seemed to be almost $10 million of VTM sales per year........not zero. The Kinlytic deal, while very good, and exciting is still a few years off before it is material (IMO) The Antigen business is increasing but it is the lowest margin of their business

[wizzdumb]

They got $2M already and will get $2M more almost certainly before fiscal year end on an asset that was written to zero already. That's right to the bottom line I believe. 

[Mbxwatcher]

Probably not all of it. I imagine the agency they engaged to make the deal gets something.  But I agree it should boost this year's financial results 

[wizzdumb]

Agree. They definitely have no problem with new product development but they need to show the market they can sell a pile of it and make money doing it. Based on Cameron's previous comments they set a high bar on margins but if the volume is zero like with VTM that doesn't help much.