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Bluechiip Limited ( (AU:BCT) ) has provided an announcement.
Bluechiip Limited announced its quarterly cash flow report for December 2024, highlighting strategic developments including a license agreement with BioLife Solutions, which promises an initial project value of up to $USD750k. The company also reported increased market engagement, with sales to 38 laboratories across 18 customers, and faced a trading suspension due to pending financial audits. Financially, Bluechiip received significant cash inflows from a license fee, customer receipts, and a tax incentive refund, which aided in partially repaying an R&D advance. The ongoing strategic review aims to secure partnerships or investment opportunities to enhance the company’s market position.
More about Bluechiip Limited
Bluechiip Limited is a leader in advanced sample management solutions for harsh environments, focusing on providing technology for bioproduction tools and services, particularly in the Cell and Gene Therapy (CGT) market.
Current Market Cap: $12.89M
See more data about BCT stock on TipRanks’ Stock Analysis page.
