@ Tiglath - g'day!! I'm loving the new threads - like a new start for GMV
Towards the end of October 2019, I posted the below feedback about GMV's last 4C , and it probably has some relevance in this thread.
Be interesting to see if this "trend" of reducing expenses & less overall cash outflows continues in the upcoming 4C?
Post from End of October 2019
Really solid 4C - the cash receipts were slightly lower than I expected ($1,478K versus my estimate of $1,600K), but the expenses were way down on my estimates ($2,388K versus estimate of $3,400K).
The last 4 x cash outgoings (total expenses) on the 4C's have been approximately:
31/12/18 $4,056k
31/3/19 $3,635k
30/6/19 $3,555K
30/9/19 $2,388k
There was a huge decrease in cash outgoings in the last quarter - so they are obviously "tightening their belts" due to the delay in the approvals.
Cash burn of less than $1.0m this quarter (when it has always been from $2.2m to $2.7m) - reducing the nett cash outgoings will help GMV a lot going forward.
