Quite simple really. Cash burn for previous quarter from operations was 3.2m. Cash burn for this quarter just announced was 2.6m. Continuing along this rate, I would be looking for them to at least decrease cash burn to 2m for the current quarter and then again for the quarter after that, meaning 3.8m of cash could last them 6 months and the cash burn eventually stops in 12 months.
In the meantime, they continue to sign promising deals. Let's hope Monday is another great announcement.
Quite simple really. Cash burn for previous quarter from...
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