Verici plans another equity raise as testing growth fails to offset licensing decline
Verici Dx ($VRCI) announced plans for a further equity fundraising alongside first-half results showing revenue of approximately $1.8 million, versus $1.9 million previously. Tutivia testing revenue increased 53% to $1.77 million, but the prior period included $0.75 million of licensing income. The adjusted EBITDA loss widened to $3.5 million from $2.8 million, and operating cash use reached $3.8 million. Half-year cash was $2.4 million despite an equity raise completed during June. The proposed