Well from my calcs, without considering the other revenue streams, Pulse sales of 2206 per month, or about 73 per day would be break even based on the $10mil annual cost base and 80% margin.
The good news is current production facilities are capable of seeing them do 5000 a month, which would be $28.3mil run rate and well profitable.
https://hotcopper.com.au/threads/ann-june-quarterly-activities-report.8126535/
Once the raise is completed I dare say they'll allocate the funds to another batch. Each unit would cost below $100 based on their margins, $1.5mil of the funds would get them 15k+ units and an opportunity to ramp sales right up.
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