It will be close but I think they can probably avoid it. They have estimated cash outflows of $2.4m this quarter (April-June). It's just been confirmed in the announcement today that they made $1.4m in June quarter, so a loss of $1m (or thereabouts). $5m in the bank leaves them with $4m overall.
Revenues are evidently growing strongly, and if they keep going the way they are, it's not unfathomable to see them go close to breaking even by the end of the year (maybe sooner?). Keep in mind they are also due to receive a $2.7m R&D grant by the end of the year.
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Ann: 293% growth in FY17 delivers $4m in ASR, page-16
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