Quarterly cash costs for FY2017 were:
1Q17 Sep16 $5.53M
2Q17 Dec16 $8.42M
3Q17 Mar17 $11.86M
4Q17 Jun17 $XM ???
A considerable ramp up of product manufactured and shipped, by a factor of 7, has been reported since the beginning of 3Q17.
The $XM figure will need to include costs associated with this ramp up. If run-rate cash neutrality has been achieved at the end of 4Q17, then the corresponding cash receipts required to approximately match $XM can hardly be in the single figures.
Q4 cash receipts, page-29
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