$Mirxes Holding Company Limited (810521.HK)$
At the beginning of the fiscal year, the company had $14 million in cash, but only $2.5 million left after six months, cash flow became very tight, facing the risk of interruption at any time. In order to pay for working capital, the company borrowed about $8 million from the founder and about $9 million from a third party. In addition, the company's losses further expanded, reaching $44 million in the first half of 2024.
At the beginning of the fiscal year, the company had $14 million in cash, but only $2.5 million left after six months, cash flow became very tight, facing the risk of interruption at any time. In order to pay for working capital, the company borrowed about $8 million from the founder and about $9 million from a third party. In addition, the company's losses further expanded, reaching $44 million in the first half of 2024.
Translated
$Mirxes Holding Company Limited (810521.HK)$ This company is not doing well, with such a large operational loss, annual revenue of 25 million US dollars, but annual losses as high as 70 million US dollars. Sales of its main products are so poor, even lower than other business units within the company. If GASTROClear were to be listed in China, do you think the sales could exceed operating costs and turn the losses into profits?
Translated
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