Apologies, I miscalculated again!
**Correction below for the ~10 important people in the world who have shown an interest
I had somehow miscalculated the Q4'23 cash burn. It should have been $11.06M not $12.3M.
[Q4 Cash: $89.06M - (Q3 Cash: $60.12M + OrbiMed: $40M)] = ($11.06M)
Remembering that according to the CFO, "Cash burn is expected to decrease over the next ~6 quarters to profitability"
If we assume that cash burn and net loss will be equal (not guaranteed), and Q1 cash burn will decrease slightly to $11M. Q1 EPS would be ($11M)/25.68M = (0.43) ~ only a 2% miss on the (0.42) consensus estimates.
@Melody432 I took the long way around but I eventually got there Post #: 73116027
Apologies, I miscalculated again!**Correction below for the ~10...
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