Ann: App 4C Quarterly Report, page-3

it was actually very similar to last quarter ($419k) but no R&D ($226k) this quarter and $100k less receipts makes up the higher burn.
not acceptable and pretty poor quarterly to be honest.
begs the question why they announced on 9 apr guidance "strong growth"
no growth and more importantly no decrease in very very high staff costs.
If these sales employees are not delivering they need to be let go. It would be easy to to cut staff costs by 25% and the company would be close to cash flow neutral.

trying to pull the wool with these ridiculous percentage claims from march last year needs to stop. its embarrassing.