Wow! Some other companies should be taking notes!
- $15.2M in the bank
- $1.9M outflows projected for the next quarter - $1.4M of which is development - and
- only $300k admin/staff costs (!)
So at current cash burn (let’s round it up to $2M and assume the dev burn remains that high) they are fully funded for the next.. ~2 years..??
Who wouldn’t want to invest in a company that may never have to cap raise ever again..!
Ann: Quarterly Cashflow Report, page-4
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