Assuming that 1PG continues with the same cash burn of 12M per year and that they have 37.8M cash which gives just over 3 years.
Now let's say they have 280K revenue per year right now and assuming they can top that by 50% per year = 945,000 by time cash is at zero which is completely insufficient.
Don't understate a poor situation. There are companies I know which are trading at a price where their revenue is 5 times worth their market cap.
