They did forecast cash burn of $7.6m for the quarter and it ended up being $9.2m - 20% is a massive miss by them and the CFO has now been promoted to a global role????. Hopefully the new person has a better handle on things.
Next quarter forecast not showing much in the way of HX development costs if you exclude the wages, so looks like we are only looking at HX1 and HX2 for the time being.
Clock is ticking.
Ann: Appendix 4C - quarterly, page-20
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