They have $7.3m in cash at the end of the quarter and are currently burning $1.66m per quarter. Currently they have enough cash to cover themselves for another year. If they aren't cash flow positive by this time next year, they won't be raising capital, as there will be nobody willing to take part.
It's not a bad report, but also not enough to trigger a change in SP direction. They really are only a few big projects away from being cash flow positive though. We'll just have to wait and see if they manage to make this happen.
Worth holding.
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