The Company ended the March quarter with US$5.1M in cash. Total cash outflows for the quarter were US$2.6M compared to $2.2M expected in the second quarter of 2019. Total cash receipts for quarter were US$136,000 (approximately AU$190,000). This amount does not include invoices issued in the quarter that will be paid at a future date. The Company has implemented measures to control expenses including headcount reduction associated with BrainChip Studio End-User sales and a temporary reduction in salary for certain executives.
Ann: Quarterly Update - March 2019, page-2
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