Webinar online, page-4

I didn’t get that what so ever. They actually stated quite clearly in the quarterly and from management that they have plenty of funding for the near term and expect q3 and q4 to be big quarterlies for elsight and that a large chunk of the spending thus far has to fund the product manufacturing to provide for the uptake.

Below is their commentary.

“The Company expects an increase in cash receipts from revenues that have been previously recognized and from an overall increase in business revenues in the first half of 2022. The estimated quarters of funding calculation in 8.5 above does not include these amounts. In addition, towards the end of 2021, the Company increased its inventories (working capital) substantially in order to prepare for future sales. As a result, there will be a dual effect of a reduction of manufacturing and operating costs associated with that short term increase in working capital as well as the aforementioned expected increase in sales receipts. Furthermore, to maximize its runway, the Company is going through a modest streamlining to drive efficiencies in the business.”