Micro-X (ASX:MX1) secures $1.95 million R&D tax incentive

Company News

by Katrina Bullock

X-ray tech company, Micro-X (ASX:MX1) has secured a research and development tax incentive for the financial year ended 30 June 2020.

The R&D incentive totals $1.95 million after tax.

The cash rebate related to expenditure on eligible Australian R&D activities conducted during the 2020 financial year.

The amount is consistent with the company’s previous guidance.

Shares in Micro-X (ASX:MX1) are steady at 38 cents.