The calculations in the Table below summarise the financial information available to date.
They estimate that 2023 should be cashflow positive by at least $10.7 million.
The three assumptions made are:
(1) no more cash will be received other than the remaining $16m due by the end of December from the $33m contract;
(2) Q4 operating expenses will be the same as those for Q3 at $17m; and
(3) bank interest received for Q4 will be the same $0.5m as for Q3.
It is highly likely of course that assumption (1) will prove to be unreasonably conservative and the Net final figure will prove to be higher.
Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-49
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