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?
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Yep, it's got $8m because it raised $16m in Q2.Almost no revenue...
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