ADO sure are cutting it fine with the cashburn and revenue potential in offsetting another Capital Raising. $3+million cash burn per quarter, excluding Govt grants( which we received $2m last quarterly) $16m in bank last quarterly. Thats about 5-6 quarterly of cash runway. Come AGM time without offsetting cashburn offsetting revenue. That signals for me another Capital Raising. That's an unfortunate reality of the failed Eugeni rollout.
Can expected Ellume revenue( they have product forecast from Ellume) rescue us. That's a big question that ADO should give us guidance on.
