Hopefully a bit less than $5 million cash burn Russ.
Based on the investor presentation WP is predicting $34 million in revenue FY18. The last quarterly indicated cash receipts of $11.5 million to Dec 17. That means they are predicting about $22 million revenue for the last 2 quarters. This would likely be about $9 million for the March quarter and $13 million for the June quarter.
The estimated expenditure from the Dec 17 4C was $11.8 million. Cash receipts are likely to lag about $1 million on revenue and therefore about $8 million in cash receipts is expected for the quarter. The staff costs will be higher and because of bonuses and extra staff so $11.8 million will be close to the expenditure amount.
Therefore the cash burn should be about $3.8 million and will only leave $5 million in the bank.
Hope the presentation wasn't done to raise funds.
Hopefully a bit less than $5 million cash burn Russ. Based on...
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