Gathid Ltd. Projects Lower Cash Balance

RightCrowd (AU:GTH) has released an update.

Gathid Ltd. has revised its expected cash balance as of 30 June 2024 to approximately $7,500k, down from the previously targeted $8,000k, primarily due to a delay in receiving the FY23 R&D Tax Incentive claim. This is a result of the extended process of expert determination related to the divestment of their physical security business, which has pushed back the lodgment of the company’s income tax return. The announcement stresses that the figures are unaudited and the forward-looking statements are based on assumptions subject to uncertainties.

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