Receipt of R&D Tax Incentive Refund
Released
Released
Announcement PDF
ASX Announcement – 24 January 2025
RECEIPT OF RESEARCH & DEVELOPMENT TAX INCENTIVE REFUND
Resonance Health Limited (Resonance or Company) (ASX: RHT) is pleased to announce that it has received a
refund from the Australian Taxation Office (ATO) of $473,286. This amount is the net difference between the
Company’s Research and Development (R&D) tax incentive refund for R&D performed in the FY2024 year
totalling $786,417 and the total amount of income taxation payable by the Company given its FY2024 financial
performance totalling $313,131. This cash refund amount further adds to the Company’s cash at bank which
will be reported in the December 2024 Appendix 4C and Quarterly Activities Report.
This announcement has been authorised for release in accordance with the delegated authority of the Board
of Directors of Resonance Health Ltd. For further information please contact:
Andrew Harrison, CEO
E: andrewh@resonancehealth.com
P: +61 (0)8 9286 5300
About Resonance Health
Resonance Health is an Australian healthcare technology and services company. The Company’s services are used
globally by clinicians in the management of human diseases and by pharmaceutical and therapeutic companies in their
clinical trials. Resonance Health has gained endorsement by leading physicians worldwide for providing high quality
quantitative assessments essential in managing diseases and drug development. The Company’s dedication to scientific
rigour and quality has enabled it to achieve regulatory clearances for a range of Software-as-Medical Devices (SaMDs)
in the USA, Europe, UK, and Australia, and to proudly carry ISO 13485 certification for the design and manufacture of
medical devices. Regulatory cleared SaMD products, some of which incorporate Artificial Intelligence (AI), include:
§ FerriScan®, a core-lab product that provides an accurate assessment of liver iron concentration (LIC) through noninvasive MRI-based technology, for use in the assessment of individuals with iron overload conditions.
Internationally recognised as the gold standard in LIC assessment.
§ FerriSmart®, an AI-trained, non-invasive MRI-based device for the automated real-time assessment of LIC in
patients, calibrated against the global gold standard, FerriScan®.
§ HepaFatScan®, an MRI-based solution which provides a reliable non-invasive assessment of liver-fat in liver tissue
for use in the assessment of individuals with confirmed or suspected fatty-liver-disease.
§ HepaFatSmart ®, an AI-trained, non-invasive device for the automated real-time multi-metric assessment of liverfat in patients, for the assessment of individuals with confirmed or suspected fatty liver disease.
§ LiverSmart®, an AI-trained, non-invasive MRI-based multi-parametric device combining FerriSmart® and HepaFatAI® into a consolidated report providing accurate assessment of LIC and liver fat.
§ CardiacT2*, the most widely accepted MRI method for assessing heart iron loading. Resonance Health offers a dual
analysis of FerriScan® and CardiacT2*. CardiacT2* is TGA and CE Marking regulatory cleared.
The Company has a development pipeline of additional medical imaging analysis products and services, including the
MRI Liver Fibrosis Project, aimed at accurately assessing the presence and progression of liver fibrosis utilising noninvasive MRI analysis. The Company also operates Clinical Trial Management (CRO Services) and Clinical Trial Site
(TrialsWest) businesses that cater to global clinical trial customers.
Clinicians, patients, and shareholders are encouraged to register interest at www.resonancehealth.com and to follow
Resonance Health on LinkedIn.
Resonance Health Ltd ABN: 96 006 762 492
141 Burswood Road, Burswood, WA 6100, AUSTRALIA
Postal: PO Box 108, Victoria Park, WA 6979, AUSTRALIA
www.resonancehealth.com
T + 61 8 9286 5300
info@resonancehealth.com
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