Neurotech International Ltd. (AU:NTI) has released an update.
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Neurotech International Limited reported a significant revenue increase of 166% to $3,335,000 for the fiscal year ended 30 June 2024, while also reducing its net loss by 35% to $5,069,000 compared to the previous year. Despite the higher revenues, largely attributable to R&D Grant Income, the company did not declare dividends and continued to invest heavily in research and development with expenses totaling $5,247,489. Additionally, the company’s net tangible assets per security improved from 0.45 cents to 1.17 cents.
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