I think that $462K was money they owed to their clients. That added to the loss. If you take that out they burnt around $1.3 million. It's seasonal because Q1 last year had a high cash burn as well, but it later dropped to around $1M in subsequent quarters.
Let's see what the next quarterly brings.
W2V Price at posting:
1.2¢ Sentiment: Buy Disclosure: Held
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