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8.1¢ nuheara limited

Total cash burn for the quarter was $3.6million or so.They have...

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blutak

792 Posts.

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27/10/21

10:19

Post #: 57104087
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Originally posted by huggybear_dk: ↑

No OEM money through the door from HP this quarter explains that.

The Good
Massive increase in TR sales in the USA, the Best Buy channel must be bearing fruit, good to see with biggest sales qtr coming up
Increase in AU sales
Increase in average order value
Getting ducks lined up for the OTC next year, new products etc
R&D Refund kicks the CR raise can down the road a bit.

The Bad
No orders form HP this quarter, need an explanation here
2.2 mill loss

So running at about 3 mill yearly loss if annualized with it being more likely to close that gap closer to break even given that bricks and mortar TR has already done .5 million in Oct alone.

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Total cash burn for the quarter was $3.6million or so.
They have $3.6m cash left PLUS the expected R&D rebate so approx. $5.2m cash available.
With a burn rate of $3.6m per quarter I'd expect a capital raising will be required in early 2022 to fund the push into OTC. Hopefully this could be delayed if Xmas sales and receipts are very strong but cash-flow breakeven still seems far away. At least the gross margin on the product is heading north.

NUH Price at posting: 2.3¢ Sentiment: Hold Disclosure: Held
11 Upvote

0 Great analysis

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