Advanced Health Intelligence Announced Earlier It Obtained Overseas R&D Reimbursement Under Australia's Research and Development Tax Incentive Scheme
Portfolio Pulse from Charles Gross
Advanced Health Intelligence Ltd (NASDAQ:AHI) has successfully obtained eligibility for a 43.5% reimbursement of approved expenditures incurred abroad for overseas R&D under the Australian Government Research and Development Tax Incentive Scheme. This follows the company's acquisitions of Vertica Health and wellteq Digital Health Inc. in 2022, which expanded its global development team across the US, Singapore, South Africa, and Netherlands.
August 16, 2023 | 11:09 pm
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POSITIVE IMPACT
AHI's successful application for the Australian R&D tax incentive scheme will significantly reduce its R&D costs, potentially improving its financial performance. This, combined with its recent acquisitions, could positively impact its stock price.
The news of AHI's successful application for the Australian R&D tax incentive scheme is highly relevant as it directly impacts the company's financials by reducing its R&D costs. This, along with the expansion of its global development team through recent acquisitions, could lead to improved financial performance and potentially a rise in its stock price.
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