There are a few comments here stating that VHT is almost certain to need to raise capital shortly. However, they have 25M in the bank, no debt but a cash burn of $3M last quarter. By their own admission at this rate they have a runway of over 8 quarters at this rate (which has been consistent over the last 2 quarters after you have taken govt tax incentives into account). To offset the burn they reported cash receipts from customers up 52% YoY. Bell Potter also confirms that " company remains well capitalised".
With all that in mind why do peeps seem so convinced that there is an imminent capital raise? What am I missing?
VHT Price at posting:
98.5¢ Sentiment: Hold Disclosure: Held
