PCT Ltd (PCTL)

[Evaluate]

you wrote:

gross margin is 53%. &
The only thing that matters now is volume.

Positive note: the 53% gross margin in Q2 is a bit improved over the 45% gross margin in Q!.

And: the volume did indeed improve (on the fluid sales) & hopefully this can continue. I get the impression from my DD that the fluid sales did start to expand nicely beyond merely hospital use.

And: As the licensing revenues & equipment leasing revenues increase, this will help with improving the gross margin, as I have the impression that these categories carry a higher gross margin % than the fluid sales.