Annualised revenue of $2.45M barely covers two quarters of staff costs (March qtly: $1.362M). The last nine months of cash inflows totalled $1.555M, against $3.759M of staff costs. That excludes R&D, product costs, marketing etc and it's all you really need to know, really. Burning $2.5M/quarter - so roughly 2-3 quarters until the next capital raising unless revenue growth materially picks up which is doubtful IMO.
AV1 Price at posting:
7.8¢ Sentiment: Sell Disclosure: Not Held
