History will repeat itself…. But I'm patient... March 9-15 is coming up with Q2 MD&A. Let's see where sales for Q2 hits, and more importantly revenue.
My projection is it probably won't be more than $1m in revenue on $4m burn. Based on the huge success from Q1 and tge stellar economy we saw from November 1, 2022- January 31, 2023.
Here's some snippets from that last Q1 release....
"Revenue was $0.6 million for the first quarter ended October 31, 2022 as compared to $0.7 million for the same period in fiscal 2022."
and
"Net loss from operations increased from $1.1 million in the first quarter ended October 31, 2021 to $4.9 million in the first quarter ended October 31, 2022. The increase in net loss pertains primarily to $2.5 million in non-dilutive (ie Raytheon) funding for research and received in the prior fiscal year."
But those all knowing on this board expect differently. Let's see who's right!