The last 3 quarterly’s read like this,
Sep ‘22…..11 quarters of cash
Dec ‘22…..9 quarters of cash
Mar ‘23…..7 quarters of cash
NOTE the higher expenditure in each quarter than was estimated.
If it continues,
Jun ‘23…..5 quarters of cash
Sep ‘23…..3 quarters of cash
Dec ‘23…..1 quarter of cash
Ann: Clarity Establishes US Center of Excellence for Research, page-16
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