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$2.24 weebit nano ltd

Ann: Weebit Nano Q1 FY23 Activities Report and Appendix 4C, page-14

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Benny^18

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28/10/22

12:19

Post #: 64454926
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Originally posted by mbarring: ↑

You need to be very careful interpreting this quarter's cash flow statement as there are a couple of distorting items if viewed from an annual basis.

Extra cash inflow this quarter: "operating cashflow items for Q1 FY23 included a French R&D tax credit of $5.6 million". I assume this is an annual figure that reduces this quarter's outflow and makes it appear that they are not spending much.

Extra cash outflow next quarter: "the majority of Weebit’s yearly research and development costs are paid in November/December,notable operating cash flow items during the quarter included R&D expenses of $11.7 million." This taken from the January 22 quarterly indicates that there will be a large cash outflow included in the next quarter.

Taken together reduced inflow $5.6 + increased outflow $11.7 = $17.3 negative cash turnaround can be anticipated in next quarterly.

This is not to be negative, I am long, strong and proud on WBT, but the cash position is not as sound as some may deduce based on this quarter's figures. There is certainly not a 20.2 quarters cash runway.

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Fair point but I would be hoping that there would be NRE fees coming in for this current quarter to partially offset the outgoings.

WBT Price at posting: $2.84 Sentiment: Buy Disclosure: Held
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