Advanced Health Intelligence shares are trading higher after the company announced it obtained overseas R&D reimbursement under the Australian Research and Development Tax Incentive Scheme.
Portfolio Pulse from Benzinga Newsdesk
Advanced Health Intelligence has announced that it has obtained overseas R&D reimbursement under the Australian Research and Development Tax Incentive Scheme. This has led to a rise in the company's share prices.
August 17, 2023 | 3:13 pm
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POSITIVE IMPACT
Advanced Health Intelligence's shares are trading higher after the company secured overseas R&D reimbursement under the Australian R&D Tax Incentive Scheme.
The news of Advanced Health Intelligence obtaining overseas R&D reimbursement under the Australian Research and Development Tax Incentive Scheme is directly related to the company and is a positive development. This could lead to increased revenues for the company, which is likely why the stock price has increased. The importance is high as this could significantly impact the company's financials. The confidence in this analysis is high as the correlation between such incentives and stock price increases is well established.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100