Bod Australia: Receives R&D tax refund of $851k
- Bod Australia (BDA) has received an $851,000 research & development (R&D) tax refund
- This refund falls under the Australian Government’s Research and Development Tax Incentive Scheme
- Bod now has a cash balance of approximately $7.2 million
- Then the company is now well funded to continue with its current business operations
- This refund acknowledges the significant advancement made through our R&D program over the past 12 months,” CEO Jo Patterson commented
- Bod has ended the day up a slight 5.13 per cent with shares trading for 20.5 cents each
