They have 2.1 million worth of inventory. I presume that it is reported at cost which would make it about 10 000 units. so that should be ok. I still reckon they will need a CR. they only have 2.3 million in cash. They burned through 1.9 million last quarter. given that the walmart wont be in stores until october theyll have little cash left to run company/pay employees.
I expect this announcement they'll be hoping for a boost in SP which will support another CR. Hopefully they come back to SH to participate.
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