I was looking forward to this quarterly but it sorely disappointed.
i can see why they had to cap raise. They will definitely have to do another raise in 6 months or so.
Product costs are 80% of revenue. They will need to triple revenue to get anywhere near cashflow positive unless their is a dramatic decrease in expenses and increase in margin.
Hopefully the next quarterly shows a reduction in cash burn.
Ann: Quarterly Activity Report & Appendix 4C for 1Q 2022, page-16
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