Quadrise (QED LN) has reported final results for the period ended 30 June 2024. QED reported a net loss of £2.9m which was broadly unchanged YoY. This was made up of £1.5m in product development costs which were marginally lower YoY while £1.4m in SG&A was flat YoY, there were also non-cash charges of £0.3m. Net finance costs were negligible. The company finished the period with £3m in cash giving runway to progress through the ongoing trials and commercial discussions.
