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Once again the cash outflow has been near 50% above the estimated as per last Q estimate guided.
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I don't know where you get your data from, but the following is an extract from the September quarterly report:
"Based on current contracts, the Company expects US$22.0 million of cash receipts from customers during
Q4 2019 and
cash payments of US$28.0 million, resulting in an expected net operating cash outflow for Q4
2019 of US$6.0 million"
Calculating the cash payments from Dec qtr 4C, Net Cash Used = $9.313m add Receipts From Customers $17.760m and you get cash payments of $27.073m.
Far from being 50% above estimated it is 3% less.
I grant that the receipts were 20% less than estimated, I'd like to see an explanation from the company on that. Maybe that's a question that could be asked on Monday.
(20min delay)