Spending 13m a quarter & only getting in revenues of $3m means the cash on hand won't last more than 6 months.
Growing revenues at $3m a quarter is not good enough.....end Dec ARR needs to be 25m, and end Mar ARR of 30-35m and cashflow of 7.5-10m per quarter by March & cashflow positive by sep-dec next year.
That means they need another 30m equity raising next Feb to get them thru the year.
N3 incredibly expensive with mediocre results imo & these results not sustainable long term
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