HitIQ Limited ( (AU:HIQ) ) just unveiled an update.
HITIQ Limited has drawn an additional $220,000 from its secured loan facility with Rockford RDF Pty Ltd, bringing the total to $1,020,000. This drawdown provides early access to their forecasted 2025 R&D Tax Incentive, with repayment expected upon receipt of the RDTI refund by the end of 2025. This financial maneuver is consistent with previous company announcements and reflects strategic financial planning to support ongoing operations.
More about HitIQ Limited
HITIQ is a company specializing in brain care solutions, utilizing advanced technologies such as sensor-enabled mouthguards and AI-driven data analytics. Their products support decision-making for sports players and clinicians, enhancing concussion management policies. Their clientele includes major sports leagues like the AFL, EPL, and NRL, as well as universities and research organizations studying head impacts.
YTD Price Performance: -37.50%
Average Trading Volume: 280,179
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$11.05M
For an in-depth examination of HIQ stock, go to TipRanks’ Stock Analysis page.