QFX Monthly Cash Burn

Rather than take other threads off topic. I've started this thread solely for the discussion about QFX Monthly Cash Burn of 800k per month after questions raised about that figure in other threads.

This is original statement I posted on QFX monthly cash burn after the FY14 results. As you can see it's a simple 12 month average taken from FY14 results, or the lower figure of 650k per month is taken from net loss over two years.

"company which burnt through funds on average of over 800k per month last financial year while adding almost 1b extra shares to the registry..

Company had 5.8m as of 30th June. Cash burn (being conservative) average over last two years is 650k per month".

http://hotcopper.com.au/threads/ann...2364223/page-11?post_id=14012081#.VDrgG_mSyFU

QFX Losses from FY14 Report. Monthly cash burn is taken from the Loss for the year after tax figures NPAT



30-Jun-12 NPAT = ($13,970,374) / 12 = ($1,164197)
30-Jun-13 NPAT = ($6,424,597) / 12 = ($535,383)
30-Jun-14 NPAT = ($10,157,128) / 12 = ($846,427)

Monthly Net Loss (Cash Burn) last financial year (FY14) $846,427 per month
Monthly Net Loss (Cash Burn) last two financial years $690,905 per month
Monthly Net Loss (Cash Burn) last three financial years $848,669 per month

By actually stating 800k per month or 650k per month I was being conservative. Obviously those numbers are closer to 850k per month (FY14) or 700k per month (last two financial years).


"What are the legislative requirements for a financial year?

Each subsequent financial year must:

- start at the end of a previous financial year; and

- be 12 months long (subsection 323D(2) of the Act)."

http://www.asic.gov.au/asic/asic.nsf/byheadline/Changing a financial year?openDocument



Kat.