May. 19 at 3:05 PM
$TRIB part1
Q4 grim. Decent
$15M Rev but losses exceed Rev!! Mostly restructuring? Q1 rev will halve. Due to moving production and a bit US Aid related. Worse, production will not fully recover until late Q2 and into Q3 (although on higher margin).
The promised great Q2 Ebita story from all last year - canned.
Cash burn has been brutal. In the last half of 2024 new share sales (at the window) raised
$7.6m. Then they got
$5.5m on Dec 24 which is in the Q4 numbers. The closed Q4 with
$5M so must have been broke on Christmas eve.
Then
$4M in Feb.
$4.5m on 14 May. Those 3 injections were not all cash - include unpaid interest.
Part of the restructure is on hold - because of tariffs they don't know whether on not to close one US centre. Only bright spot - they say HIV orders are about to pick up. Heard that before.