4D Medical , although a different business but in the medical...

4D Medical , although a different business but in the medical imaging game in the US, had a surge in the share price after signing a 5 year SAAS contract with the University of Miami. Commentary was "The deal to supply software to I-MED’s diagnostic clinics resulted in operating revenues of $739,000 over the quarter to December 31. The group’s operating cash loss – excluding government grants and tax breaks – totalled $11.9 million for the quarter. With cash on hand of $45.9 million and government support, it estimates a cash runway of 15 months. i.e $160M market cap, i.e burning $46M cash + gov support over the next 15 months. Financial details of the SAAS contract not disclosed. I get that given its the first contact the tech is now validated but early days stil ? Guess punters are looking for the next PME.