Made progress last year, just not as much as investors were expecting. The stock was falling sharply in premarket trading.
Cash might be the biggest issue facing the company and the company doubts it can survive in its current form. “When we file our 2022 [annual report on a form] 10-K, it will include management’s and our auditor’s conclusion that there is substantial doubt about our ability to continue as a going concern,” said CEO Gareth Joyce on the company’s earnings conference call.
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