I'm no Accountant but I thought I would get some financial info from Appendix 4C for the quarter ended 30 September 2019 to clarify my previous comment.
Net Cashflows etc... were:
Net Cash outflows (including payments to acquire property, Intellectual property...) to 30 Sep 2019 USD 10,287,000
Cash at end of the September quarter USD 20,264,000
Less expected cash outflow for the December quarter (Apx 4C Point 9.) USD 5,074,000
Plus Revenue from product sales for the December quarter USD ???????
Average quarterly revenue for the 3 quarters to 30 Sep 2019 USD 954,000
Leave it up to you to do the math to finish this off. As usual DYOR.
One interesting thing I found from looking at Appendix 4C Point 2.1 d, was that NXS is making payments for intellectual property and intangible assets. I'll have a look into this later. Hopefully there'll be some note to the financial statements that explains what this is.
Mistake in yahoo/ motley fool article, page-37
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