I remain undecided on this one... the growth both PcP and QoQ is solid. Excl. gov grants, cash burn remains at $800k p/q, so another CR is a certainty within next 6 months. That said, with $2M CAB we're at a $5M EV... any major positive ann and this easily doubles.
Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-2
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