Thanks for posting that - I missed that info in the pres.
So Q1 73 accounts, 71 submissions pending, 8 rejected, f/c q2 119 accounts, 51+ subs pending, 8+ rejections. Sounds OK to me. Targeting 700 next few years, expected 135 by end of March, far below that. But need to look at odds of a one off delay, and a decent trajectory from here. Some reversal of momentum from 51 in the DEC half, 22 in Mar q, 46 in June q.
So they have cash on hand of about 67m. They imply their cash burn would have been about $4m lower, without a one off, than 22.3m, so about 18.3m business as usual. With 3.7m more sales next q expected, next quarters cash burn might be $15m.
Simplistically, half 2 cash burn might be 86% (GM) of $11.5m pq lower than my q2 estimate, with that in higher average revenues, so 5.1m pq cash burn at a guess. But then there will be Recell Go launching, hopefully - at least it seems already staffed etc.
So by my sums their cash on hand will be a bit over $40m and the end of the year, assuming they meet their forecasts.
DYOR, DROM IMO LOL
Thanks for posting that - I missed that info in the pres. So Q1...
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