If the majority costs are salary, and they can reduce cash costs 10% so 5.5M once they cross breakeven it quickly becomes a cash cow, the benefit of a recurring revenue model.
Each Q will result in a slower cash burn so the 24M will extend beyond the 5Q listed.
They apear to be targeting 25 for break even so it will be tight but its not a guarantee they will need to raise again. They might just squeeze through.
Ann: Quarterly Activities Report and Appendix 4C - Jun-2024 Qtr, page-11
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