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4.0¢ rhinomed limited

Quarterly report?, page-15

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supafly

552 Posts.

41

09/04/15

20:44

Post #: 15060756
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Originally posted by gr4nt6 ↑

Hi supafly

Cash burn etc.
Let us start at the Sept 4C - Sales reported as a note in receipts at $162k with $110k reported in the figures. I gather that the funds had not been received therefore only $110k recorded. Burn rate at $1.167m.

Dec 4C - Sales of $31k for a total ytd of $141k. Interesting that the Sept 4C said sales had actually been $162k (but not all funds had been received). Allowing for NO sales in the Dec qtr the figure should have been $52k to make up the $162k that they told they had sold previously. Rubber figures to say the least or where is the money!! Burn rate $606k + R & D funds received from the Govt of $570k = $1.176m

Shareholder update - Sales of Turbine $150k. Mute????
Cash balance $3m approx
Cash at bank 31 Dec 4.459m
Burn rate ($4.459m + $150k) - $3m = $1.609m
It is hard to get the burn rate accurately without the 4C but this is what I calculate from the info presented.

Based on the above they will need to raise in around two qrts unless sales dramatically increase. I would hope (being the operative word) the Mute sales particularly with the recent deal done will help the situation in the June qtr.

Time will tell.

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Cheers mate, thanks for the detailed reply.

Executive salaries really accelerate cash burn lol

RNO Price at posting: 2.8¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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