Thankfully LVT is basically at cash breakeven now so no need for cap raises. $16m is more than enough cash now they are heading for positive operating cashflow. You also can't compare LVT now to 2019. Objective then was growth at all costs. Now cost management is much more prudent.
Not sure where you are getting the negative ARR? I can only assume your getting your negatives and positives mixed up.
I suggest you read the latest 4c to alleviate your concerns.
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Ann: FY21 Q4 Quarterly Activities Report and Appendix 4C, page-59
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