Interested to read they're confident of breakeven:
Using $USD
- Expense run rate (excluding COGS) = $5m
- Requires sales (@ 50% GM) = $10m
So their Q3 annualised sales run rate of $3.2m would have to grow 3x to deliver on this.
Might need some clarification from management.
Ann: Quarterly Activities and Cash Flow Report - March 21, page-18
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