4. Net increase / (decrease) in cash and
cash equivalents for the period
4.1 Cash and cash equivalents at beginning of period 24,717 26,443
4.2 Net cash from / (used in) operating activities (item 1.9 above) (819) (2,120)
(that's with the gov chipping in $637K)4.3 Net cash from / (used in) investing activities (item 2.6 above) (2,743) (4,571)
4.4 Net cash from / (used in) financing activities (item 3.10 above) 6,079 7,482
(d) staff costs (
776) (1,329)
$60,000 a weekOK, so the breakdown is $1,456,000 for operating activities & $2,743,000 for investing activities. $4,200,000 spend in the 3 months. However, they obviously got the one off intakes of the conversion money, and a grant from the government. Am I reading this correctly? Please point out where I'm off.
Soooo at the end of 2022 they had $27,200,000 in the bank, with a cash burn (based on the quarter) of just under $4,200,000. Anyone care to guess how long that gives the company to find this cash?
(20min delay)