Perth robotic technology company FBR Limited (ASX:FBR) has received its R&D tax incentive cash rebate payment of $6.3 million from the Australian Taxation Office for the year ended 30 June 2024.
FBR has currently drawn down $4.3 million from its R&D revolving tax loan facility with FC Capital and will repay this balance owing to FC Capital from the ATO funds received, leaving $2 million cash retained by FBR. FBR may draw again on this revolving loan facility against its expected tax refund for the year ending 30 June 2025.
Further, following the announcement released on 23 December 2024 regarding the completion of the US Demonstration Program, FBR has received the final tranche of US$400,000 from CRH Ventures.