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Anagenics Cuts Costs Sharply, Narrows Cash Outflow in Q2 FY25
5:11pm on Monday 10th of February, 2025 AEDT
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Health and Wellness
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Anagenics Cuts Costs Sharply, Narrows Cash Outflow in Q2 FY25
5:11pm on Monday 10th of February, 2025 AEDT
Key Points
Operating cash outflow reduced to $0.3m in Q2 FY25 from $0.9m in Q1 FY25
Significant cost cuts: advertising down 45%, staff/director costs down 42%, admin costs down 66%
Payments to related parties decreased to $65k in Q2 FY25 from $116k in Q1 FY25
Restructuring benefits expected to fully materialize in Q3 FY25
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