Oxford have released their interim H1 results. Highlights include:
Someone is paying them a $20M license fee1.
Revenue is up 10M GBP.
Loss is down 20M GBP (48M GBP).
Growth is inline with what we previously estimated (12%).
They are still projecting EBITDA breakeven in 2027. But cash is down 68.3M GBP in the last 6 months. At that burn rate they have a little over 1.5 years cash left.
They may be able to hit “EBITDA breakeven” but I suspect there will still be significant losses.
The license fee is the most interesting point,