The last HY high cash burn incorporated one-off restructure and acquisition costs as mentioned in the report, the January quarterly update also addressed this and gave an indicative monthly net cash burn going forward:
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The update shows roughly $7 million cash and equivalents that should have been realised as of now.
$425,000 net monthly cash burn for the 6 months is $2.55 million cash burn worst case, not including any new subscriptions which are paid monthly and can have an upfront payment included.
Since the January update roughly $1.2 million ARR increase which translates to $100000 of subscriptions reducing the net monthly outflows, plus the large Middle Eastern Government one-off payment added to the kitty.
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I believe that the cash position will be higher than the $1.5 million you have estimated, the accelerated sales completions will be fast reducing the net monthly outflows such that they may avoid a capital raising. If not the last rounds of capital raising has been at the 9 cents level and I would expect that this will be a floor for the price going forward.
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Mkt cap ! $65.95M |
Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
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1 | 579763 | 0.051 |
2 | 977666 | 0.050 |
1 | 20000 | 0.049 |
1 | 25063 | 0.046 |
1 | 57000 | 0.043 |
Price($) | Vol. | No. |
---|---|---|
0.053 | 44265 | 2 |
0.054 | 3968891 | 1 |
0.055 | 1098462 | 1 |
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