$56k in product manufacturing costs, there won’t be any revenue for quite some time as they have to make the machines before selling their WAAS service. Cash burn will also increase dramatically over this current quarter as their operating costs increase, having to expense a full quarter of wages for the CEO and increased costs as a public company. It will be interesting to see how long the $7m lasts them. My guess is that cash burn will increase to about $1.5m per quarter.
Ann: September 2019 Quarter Activities Update and Appendix 4C, page-7
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$1.80 |
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Mkt cap ! $188.0M | |||
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