TnOOb - that is actually a very interesting question
looking firstly at my estimated cash snapshot movement since end of calendar year:
The cash burn during the qtr would have to be significantly less and will be driven by the "receipts from customers" (noting that this is $120K for Dec qtr and $150K for YTD).
Column 1 Column 2 Column 3 1 31-Dec-15 $1,791,000 Cash as at 31 Dec 2015 2 15-Mar-16 $1,660,000 R&D rebate received 3 31-Mar-16 ($1,400,000) Cash burn based on 31 Dec 2015 qtr 4 5 $2,051,000 I would estimate that $2M would be cash position as of 31 March 2016
Now I know it can be argued that cash payments etc may start reducing but I see this as unlikely given they know that they will have to continue spending money in order to try and make money. It will come down to cash receipts.
So I would say $500K or $1M in cash receipts for the qtr would have to be the case. Even if the company reduces costs further to reduce the burn, circa $2M in cash does not go far these days.
Wolf
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