Ann: Revenue Guidance for Q1 2020, page-5

Estimated cash outflow for the December 2019 quarter: $1,542,000
https://www.asx.com.au/asxpdf/20191031/pdf/44b4rdljy9spz0.pdf


Actual cash outflow for the December 2019 quarter: $‭1,868,588‬ (1,498,214+370,374)
https://www.asx.com.au/asxpdf/20200115/pdf/44d8n05zdqkl11.pdf


So, I guess they got that estimate wrong by 21% or so? On purpose? Maybe? Who knows?

Estimated cash outflow for the March quarter: $1,540,000 (likely "estimated" below actual)
https://www.asx.com.au/asxpdf/20200115/pdf/44d8n05zdqkl11.pdf


And now we have the figures for monthly recurring revenues:


Very crudely deriving/equating quarterly customer receipts from quarterly revenue we get:
$119,970 + $132,718 + $145,564 = $398,153
$398,153 potential cash receipts from customers for the March quarter?

Let's (perhaps wrongly?) assume cash outflow isn't underestimated for this quarter?

$398,153 potential inflow
MINUS
$1,540,000 potential outflow (likely underestimated)
EQUALS
‭$1,141,847‬ potential outflow (likely to be more, IMO) for the March 2020 quarter

Cash at the end of December quarter was: $3,837,112... Doesn't look too bad... But...
Note that APV had a capital raising was when cash levels were last reported as $3,025,412...


https://www.asx.com.au/asxpdf/20200115/pdf/44d8n05zdqkl11.pdf

So, we have, potential cash outflows of $1,141,847 for the March quarter?
Cash levels at the end of the December quarter being $3,837,112?
A potential cash level at the end of the March 2020 quarter being... $‭2,695,265
$‭2,695,265 = [$3,837,112 - $1,141,847 (cash flow for this quarter is likely to be larger, IMO)]

$‭2,695,265 potential cash at the end of this quarter is less than the last time they had a capital raising? Hmm, not great? Ah, what else do we have? APV force-feeding the market marketing material to talk up their figures? Hmm, I wonder why.?

I don't know about the forum, but I will not be surprised to see another capital raising soon.

IMO, a capital raising is coming, soon. In the next few months? Beware a possible pump?