Agreed, commentary was good though.
"Development continues on the Uscom BP+ in preparation for global volume marketing. The China regulatory approval is under way for the BP+ which will lead to initiation of the China Pioneer distribution deal, which is contracted to deliver an average $1.4m US revenue per annum over each of the next 5 years to Uscom."
So China regulatory approval would be the big catalyst.
More than doubling revenue. With the aquisition, this should likely make them profitable.
Anyone know when approval may be?
Ann: Appendix 4C - quarterly, page-4
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