4c doesn’t allow for the significant cost reduction. Plus any extra income coming in. Its based off expenses from that quarter and current available funds.
Clearly they have worked it out if you can’t see that.
As @bigpelican alluded to, this will likely be one of the few if not only profitable BNPL /fintech companies by Q4
Looks like the ship has turned for blue water next year.
I think market will like this.