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Ann: Quarterly Activities & Cash Flow Report, page-5

  1. Patient
    2,443 Posts.
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    08/04/20
    19:47
    Post #: 43958209
    Yep, it's got $8m because it raised $16m in Q2.

    Almost no revenue this quarter and their burn rate is 2.65m per quarter which includes the uplift from the $3m R&D rebate last quarter.

    It's nice to get a contract but their Production costs are up 700% on last quarter and double the last 4 qtrs average. This kind of success can kill.

    I see they got a mention in * today so Thorney are pumping for all it's worth. Maybe they should make respirators?


    MX1 Price at posting: 17.0¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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