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PVS - Pivotal Systems Corporation

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Pivotal Systems Corporation provides gas flow monitoring and process control technology solutions for the semiconductor manufacturing industry. The company offers gas flow control systems for various flow parameters; gas flow monitor systems for installation onto new or existing gas sticks to provide real-time gas flow measurements; and Sensor X systems for installation on vacuum port in gaseous communication with the chamber to allow for atomic species identification. It serves IDMs, foundries, and OEMs worldwide.

It is anticipated that PVS will list on the ASX on 28 June 2018.

https://www.pivotalsys.com
 
No takers? probably for the best

The business was starting to hit scale in 2020/1 with revenue of US $30m and positive cashflow/profit in sight however supply chain issues and falling demand have resulted in their sales going backwards down to US $9m in the halfway report.

Their GP has always been low due to outsourced manufacturing - 20-30% so they need scale to generate profit.

Latest quarterly shows sales down 45% to $4m with $3.8m in the bank verses a $1.8m quarterly cash burn rate. More cap raisings to come for them to keep operating.

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On November 21st, 2023, Pivotal Systems Corporation (PVS) was removed from the ASX's Official List in accordance with Listing Rule 17.11,
following PVS’s announcement on 21 November 2023 of the completion of its merger with OmegaX, Inc., a California corporation.
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