It seems a handful are ignoring or unwilling to review DXN's financial position to stay informed about their cash position.
So here it is, plain simple for everyone.
Avg quarterly cash-burn of $998k (not including Q2 deferred payment).
Avg quarterly cash-burn of $783k (including Q2 deferred payment).
Cash at the bank of $2.1m
Unused financing $2.4m
Total = $4.5m
Run-rate of 12-months to 15-months
This doesn't factor any improvement in cost reduction, nor any material increase in Receipts from Customers. Meaning the operation could sustain beyond the 15-month window.
If you don't like the risk. I'd suggest moving on.
Cash Flow Q3 FY20 Q4 FY20 Q1 FY21 Cash flow from operating activities Receipts from customers $2,100,000.00 $1,765,000.00 $1,060,000.00 Operating costs $2,882,000.00 $2,582,000.00 $3,006,000.00 Operating Profit/Loss (less grants) -$782,000.00 -$817,000.00 -$1,946,000.00 Grant and tax incentives $40,000.00 $230,000.00 $279,000.00 Delayed Payments Operating Profit/Loss -$742,000.00 -$587,000.00 -$1,667,000.00 Change QoQ Reconciliation of cash Cash and Cash Equivalents $2,670,000.00 $1,463,000.00 $3,592,000.00 Net cash from/(used in) financing activities -$251,000.00 $5,443,000.00 $162,000.00 Net cash from/(used in) investing activities -$209,000.00 -$2,694,000.00 -$62,000.00 Cash at end of period $1,468,000.00 $3,625,000.00 $2,087,000.00 Change QoQ Financing Facilities Loan Facilities $5,200,000.00 $5,200,000.00 $5,700,000.00 Amount drawn $3,275,000.00 $3,304,000.00 $3,345,000.00 Unused financing facilities $1,925,000.00 $1,896,000.00 $2,355,000.00 Summary Q3 FY20 Q4 FY20 Q1 FY21 Receipts from customers $2,100,000.00 $1,765,000.00 $1,060,000.00 Operating Profit/Loss (less grants) -$782,000.00 -$817,000.00 -$1,946,000.00 Operating Profit/Loss -$742,000.00 -$587,000.00 -$1,667,000.00 Cash at end of period $1,468,000.00 $3,625,000.00 $2,087,000.00 Unused financing facilities $1,925,000.00 $1,896,000.00 $2,355,000.00
Add to My Watchlist
What is My Watchlist?
