Revenue 2,052,476 1 Costs of sales -1,122,917 2 Employee benefits expense -1,730,818 3 -2,853,735
Put very simply (ignoring other overhead costs), for every $100 of revenue received they are burning $139 in manufacturing & employee costs. Not a great formula for building a profitable business?
On 31/12/2024 the cash balance is $2,896,419.
At the current cash burn rate of ($864,621) for 6 months, the cash will run out in 20 months.
The Clock is ticking.
Revenue2,052,476 Costs of sales-1,122,917 Employee benefits...
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