An embattled Halifax medical technology company reported an improved performance in the three months ending April 30, but is still warning it may not survive.
MedMira Inc., which manufactures instant diagnostic test kits for contagious diseases, on June 28 issued the financial statement for the third quarter of its 2019 fiscal year. It revealed higher revenues and lower costs last quarter, despite the persistent liquidity issues.
The company’s most recent financial report warns of “significant doubt” that it will be able to continue its operations. It does not have enough cash to survive