$7.2 mil net loss for the 6 months to 30 June 2025. Interest costs have doubled. R&D costs at record highs.
In spite of implementing cost cutting measures during the period, such as cutting staff & consultants, this loss is only $1 mil less than the loss incurred for the whole of the 2024 year.
$82 mil in accumulated losses. I would imagine the full year accounts to Dec 2025 would show accumulated losses of around $90 million.
In anyones books that's a lot of money to lose.
Well done. Hard to believe they can't find anyone to give them more money LOL
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