PVS pivotal systems corporation
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Cash burn / cash position question

  1. XRT07
    1,088 Posts.
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    13/12/21
    20:33
    Post #: 58266154
    Hi, in the October quarterly update I note the following:

    • Company Cash position at 30 June was US$5.5m (Half yearly 4D)
    • The Company’s cash position at 30 September 2021 was US$7.4 million. (Q3 update)
    • Completed a US$6.7 million share placement to new and existing institutional investor

    Looking at this, it seems PVS have burned through $4.8m in Q3. I know revenue was significantly lower in the quarter, but I wouldn't expect such a burn rate. Does anyone have an explanation for this?
    PVS Price at posting: 88.5¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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