Post by
bronkrdr on Jan 29, 2024 1:33pm
Impressive looking financial results
Revenue for the year ended September 30, 2023 increased 47% to $26.6M compared to $18.1M for the same period of the prior year. Product revenue for the year ended September 30, 2023 increased 46% to $23.9M compared to $16.4M for the same period of the prior year. Product revenue increased $7.5M over the prior year due substantially to increased customer demand for collagen dressings in the US market and silicone-based dressings internationally.
Comment by
ARIMA11 on Feb 02, 2024 5:45pm
Still... Net Loss of (4.4M) in FY2023 and (2.8M) in Q4 2023. Also from 22.9M in cash Q4 2021 to 8.79M in Q4 2023. Bottom line is the bottom line need to increase. How much more cash burn to be profitable?