I have to say I don’t have quite the same sentiment as everyone here…
The cash burn as the previous quarterly stated is $3.8 million - circa $16 million for a year. The last raise at $20 million will take them until the end of the 2025 calendar year and now they have solidified another $20 million by June 2026.
I agree the burn is terrible here, but it was always going to be an expensive exercise and now they should have enough cash for the next year and a half.
Any thoughts on the above?
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