Good news on the revenue front!
~62% of revenues for the year coming in this quarter alone, excluding the UOM contract which cause push next quarter >$2M. Mitigating the cash burn is essential here.
Will be an interesting coming 3 months, as if they aren't going to raise capital pre-30 June then I don't think they will at all.. They will have the conviction that positive Operating cash flows will be achievable or that the cash flow nexus will push the remaining cash balance out beyond the 5 quarters. My only guess is that if they were to raise capital, it would be pre-30 June to prevent a Going Concern memo as part of their audit if the cash runway becomes sub 12 months.
Only good news coming out of the 4DX offices - can't wait for a veterans contract and to see what type of revenues the UOM can provide.
GLTAH
Good news on the revenue front!~62% of revenues for the year...
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