Another interesting fact to note is the expected cash burn for the March Qtr was estimated at $860K with $2.8m in the bank.
There has been $72K of options exercised thus far (march qtr) and if we take $140K as estimated revenue from existing clients as a conservative guidance (as per Dec qtr) considering we are still only half way through the qtr with the possibility of more options converted, IAM's cash burn is going to be minimal while maintaining a healthy cash position come end of March.
I've been critical on news flow / timelines etc but on this instance management are managing the balance sheet well through what we are all expecting to be a robust development phase with 4 off shore processing teams already employed.
Cheers
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