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.
IPD Price at posting:
7.0¢ Sentiment: Hold Disclosure: Held
