Thinking cash burn will be about $1 - $1.5 mil. If we use...

Thinking cash burn will be about $1 - $1.5 mil. If we use Alexium's estimated cash outflows from previous 4C:

$2.44m in cash outflows which include product manufacturing costs of $1.08m.

Assuming a 30% gross margin that gives a revenue no. of $1.54m.

$1.54m - $2.44m = -$900k.

Just a rough back of the envelope calc, doesn't take into account delay in cash receipts which will likely take the cash burn number into that $1-$1.5m range.

Ideally though would like to see much higher product manufacturing cost and consequently higher receipt amount as it would be a sign of increasing sales.