Revenues for the quarter of 12.5m
Operating cash outflows (expenses) of 18.2m-3.6m (not sure why they are paying for pre-aquisition costs) = 14.6m
Let assume that they invest in ~0.3m per quarter in Prop Plant & Equip
Financing activities (rent / lease payment) of ~0.4m
That gives me a quarterly cash costs of ~15.3m
The 12.5m is well short of that, so they need to close the gap quickly as that cash burn of just under 3m is not sustainable
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