DXN: Cash and Unused Financing

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