RE:RE:earningsimartin wrote: What was the royalty share again? 20 %?
Burcon made CAD32,000 from royalties, so at 20 % that means that during Q2, Merit sold protein for CAD160,000. 90,000 in the quarter before.
I was expecting much more, although the company communicated recently that only now, after commissioning is completed, larger orders are being fullfilled. So those CAD160,000 likely are the result of many smaller orders by companies that are trying out Merit's proteins on a small scale.
One good thing I guess is the smaller loss of CAD1.4M compared to CAD3.2M in the quarter before.
Agreed - AND that there is plenty of money left - until mid 2023
and this is calculated WITHOUT coming royalties