this report obfuscated how terrible this quarter was. trajectory totally plummeted here. if they keep costs flat (which would be hard given the fact they just rose so much) and grew revenue by 10% per quarter (again hard given its just gone 11% in the opposite direction) then at a guess they are profitable by late 2023. and that would have them burning $14mil worth of cash with $11m in the bank. not through the valley of death yet
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Ann: Quarterly Activities Report, page-8
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