RE:RE:RE:RE:RE:PE Gave Us a Big Hint on Twitter LOL. Think there is a quick sale of PATs solution to DHS? Think again...
Without DHS Safety Act, which I believe PE has referenced is being worked on, no DHS sale. And once that is finished, then add 6 months to a year for a real deployment. So what does PAT need to survive this long runway... an investment / infusion of money / acquisition. Why nothing, not a peep on this dire situation?
Bank Balance: $9.7M on July 31, 2021, Less $3.5M for Q1 burn, Less $1.2M for November. Remaining $5M starting Dec 1. Less $1M Dec and Less $1M Jan. Bring Feb 1 total to $3M.
Now, being fair...lets Add in revenues...since no sales announcement made during Q1 on platform or Ai services.
Add $400K at beginning of February from Raytheon/Q2. Add $100K Q1 sales revenue (personal projection). Add $100K in Q2 revenue, as contracts for Q1 & Q2 bring revenue throughout year and Add $175K from FY2020 MD&A on 2020 contracts (per MD&A: "Company expects to recognize approximately $345,000 over the next 12 months")
Starting Q3 /February 1: 3M+0.4M+0.1M+0.1M+0.175M = $3.775M
Again, where are the Investment, Influx of Cash, Acquisition discussions? Tick Tock Tick Tock, So Runs Down The Investment Clock