RE:RE:RE:RE:Last 3 points tonight… nothing on tv worth watching True @BocainWaffless...you are correct....
...But I know its more than 25 unique readers, and that's the start of a following...... But please ignore me. I only appreciate those who add value or provide Fact versus live life and their investments on a Hope & Prayer.
FACT: ~ $7M in Bank end of Q1 (October 31, 2021)
FACT: Q1 Operating Cost of $2.6M (helped by offsets from Raytheon $1.77M, Supercluser $410K & Covid fund $188K)
FACT: Raytheon's $2M is now pretty much used up, so no $$$ for Q2, Q3 or Q4 burnrate offsets.
FACT: Extimate $1.3M operating cost from Nov 1 - Dec 15 (with another $1.3M from Dec 15-Jan 31)
FACT: ~ $190K in Platform revenue during Q1. (Includes some of MD&A FY2021 delayed revenue backlog of $345,000 over 12 months during FY2022)
FACT: Per Q1 MD&A, the Company recorded Platform backlog of $1,019,078 as of October 31, 2021. (Question for all here? Is this to be paid over next 12 months or 24 months? We'll go 12-month payout)
FACT: ~ $520K Xtract Sales.
FACT: Per Q1 MD&A, the Company recorded Xtract backlog of $2,034,682 as of October 31, 2021
(Question for all? Is this to be paid over next 12 months or 24 months? Defense contracts can last several years. Anyway, we'll go 12-month payout)
Here how I add this up... please advise if I missed anything....
Q1 End Bank Account: $7.00M
Est. Q2 Platform Rev: $0.25M. (3 month / 25% of $1,019,078 in backlog contracts)
Est. Q2 Xtract Revenue. $0.50M. (3 month / 25% of $2,034,682 in backlog contracts)
Est Q2 Sub Total: $7.75M
- Less Operating Cost: ($2.6M) - based on Q1 operating costs
EST. TOTAL
End Q2 BANK: $5.15M. PLUS ANY Q2 SALES REVENUE
Tick, Tock Tick Tock, so runs down the investment clock and PAT desperately needs a massive dilutive investment to lengthen its runway. I sincerely hope they can achieve this.