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VECTUS BIOSYSTEMS LIMITED — Earnings Release 2023
Aug 29, 2023
65993_rns_2023-08-29_4956df53-686b-4d50-b506-a79d48ebb7ec.pdf
Earnings Release
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VBS App 4E 30 Jun 2023
Page 1
Rule 4.3A
Appendix 4E
Preliminary final report for the financial year ended 30 June 2023
Name of entity
VECTUS BIOSYSTEMS LIMITED ABN: 54 117 526 137
Reporting period: 30 June 2023 Previous period: 30 June 2022
Results for announcement to the market
| AUD Revenues from ordinary activities up 4.2% to 1,354,535 down 13.6% to (3,448,860) Loss for the period attributable to owners of down 13.6% to (3,448,860) Vectus Biosystems Limited Loss from ordinary activities after tax attributable to |
|
|---|---|
| Dividends (distributions) Final dividend Previous corresponding period |
Amountper security | Nil ¢ Franked amount per security Nil ¢ |
|---|---|---|
| Nil ¢ | ||
| Nil ¢ |
Brief explanation of the above
The Group has incurred an operating loss of $3,448,860 for the year ended 30 June 2023 (2022: Operating loss of $3,993,775) and the net equity has improved from a deficit of $3,533,995 as at 30 June 2022 to a surplus of $3,523,504 as at 30 June 2023. The operating cash burn rate for the year ended 30 June 2023 was $2,352,742 (2022: $4,441,231). The cash balance as at 30 June 2023 was $2,950,956.
This Appendix 4E should be read in conjunction with the Half Year Financial Report of the Group as at 31 December 2022. It is also recommended that the Appendix 4E be considered together with any public announcements made by the Group since commencement of the 2022-23 financial year in accordance with the continuous disclosure obligations arising under the Corporations Act 2001.
| NTA backing | 30-Jun-23 | 30-Jun-22 |
|---|---|---|
| cents | cents | |
| Net tangible asset backing per ordinary share | 6.62 | (5.96) |
Events occurring after Balance Date
No matter or circumstance has arisen since 30 June 2023 that has significantly affected or may significantly affect the consolidated entities' operations, the results of these operations, or the consolidated entities' state of affairs in future financial years.
Details of entities over which control has been gained or lost during the period
Not Applicable
Foreign Entities details
Not Applicable
Dividends
No dividends were paid or proposed during the financial year.
Audit or Review details
This report is based on accounts which have been audited.
Sign here: Date: 30 August 2023 ( ~~Director/C~~ ompany Secretary)
Appendix 4E Page 1
30/08/2023