TRU - Truscreen

So much for todays " break through ANNOUNCEMENT " !!

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Originally Posted by whatsup

So much for todays " break through ANNOUNCEMENT " !!

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Some might see this as a good thing. Well done Truscreen.

GENERAL: TRU: TruScreen - Commercial Breakthrough in Saudi Arabia

NZX/ASX Announcement

18 September 2023

Commercial breakthrough in Saudi Arabia - commences use of TruScreen
technology

TruScreen Group Limited (NZX/ASX:TRU) is pleased to report that the Dr
Sulaiman Al-Habib Medical Group, has installed the first tranche of four
TruScreen devices for commercial use, for the screening of cervical cancer in
Saudi Arabia.

Dr Sulaiman Al-Habib Medical Group (DSAMG) is the largest private hospital
network in the Middle East. The adoption of TruScreen's screening technology
by DSAMG private hospitals will be important reference sites for further
market access in neighbouring Middle Eastern nations.

This installation follows from the previously announced successful completion
of the clinical evaluation by DSAMG network, followed by a successful tender
by BettaLife Trading FZC (BettaLife) (Truescreen's distributor in the Middle
East).

The excellent clinical results of the evaluation were announced previously:
see link

https://www.nzx.com/announcements/408275

TruScreen's CEO, Dr Beata Edling said:

"I am very pleased that the Dr Sulaiman Al-Habib Medical Group have approved
and will use TruScreen technology to advance the screening for cervical
cancer in their hospital network.
We congratulate BettaLife, our partner in Saudi Arabia, on reaching this
important milestone which will support the expansion of the TruScreen
operations in the Middle East."

This announcement has been approved by the Board.

https://static1.squarespace.com/stat...e+22+09+23.pdf

Truscreen quietly progressing.

http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/TRU/419818/404954.pdf

A very long road to becoming profitable.
I keep watching,but every time I look at the fundamentals, I am alarmed.

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Originally Posted by percy

A very long road to becoming profitable.
I keep watching,but every time I look at the fundamentals, I am alarmed.

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Sales might hit $1m next year

Busy corner dairy probably has a higher turnover lol

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Originally Posted by winner69

Sales might hit $1m next year

Busy corner dairy probably has a higher turnover lol

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Also you would not go hungry.

One of the companies that you really hope are successful given the field they are in and for the betterment of human health (like PEB). But are extremely hard to invest in given their fundamentals and long road to get to market and financial success (like PEB).

https://www.nzx.com/announcements/421064

HY Results.

This ain't a company its a charity. Good cause but numbers are impossible to make work. Same stuff every year since 2014... more losses than revenue after all this time.

"Revenue from sale of goods increased by 33% over the same period prior year to $0.98 million. The Company reported an operating loss of $1.35 million (1H FY22: $1.22 million)."

"As at 30 September 2023, the Company had cash and cash equivalents of $0.8 million."

"At the August 2023 Annual General we indicated to shareholders that further growth funding is required to maintain the commercialisation momentum that we have generated over the past year."

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Originally Posted by silverblizzard888

This ain't a company its a charity. Good cause but numbers are impossible to make work. Same stuff every year since 2014... more losses than revenue after all this time.

"Revenue from sale of goods increased by 33% over the same period prior year to $0.98 million. The Company reported an operating loss of $1.35 million (1H FY22: $1.22 million)."

"As at 30 September 2023, the Company had cash and cash equivalents of $0.8 million."

"At the August 2023 Annual General we indicated to shareholders that further growth funding is required to maintain the commercialisation momentum that we have generated over the past year."

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Story of this company from the day it was formed!

Tomorrow never comes!

NZX being ‘charitable’ in only fining them $25k plus costs …might have gone broke if more

http://nzx-prod-s7fsd7f98s.s3-websit...249/410407.pdf

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Originally Posted by winner69

NZX being ‘charitable’ in only fining them $25k plus costs …might have gone broke if more

http://nzx-prod-s7fsd7f98s.s3-websit...249/410407.pdf

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Does this carry on by TRS really surprise peoples ?

CEO gone

https://www.nzx.com/announcements/426689

Truscreen Group Limited (NZX/ASX:TRU) announces that for personal reasons, CEO, Dr. Beata Edling has resigned effective immediately and will assist in the transition to an interim CEO in the coming weeks. Beata has personal commitments to family in Poland and will be available to assist TruScreen on a consulting basis to further the business in Poland and central Europe.

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Originally Posted by Sideshow Bob

CEO gone

https://www.nzx.com/announcements/426689

Truscreen Group Limited (NZX/ASX:TRU) announces that for personal reasons, CEO, Dr. Beata Edling has resigned effective immediately and will assist in the transition to an interim CEO in the coming weeks. Beata has personal commitments to family in Poland and will be available to assist TruScreen on a consulting basis to further the business in Poland and central Europe.

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Why IMHO did it take so long for this smoke and mirror outfit ?