RE:RE:RE:RE:Lotsa dilutive fund warnings...why surprised stock dropped?LOL. Thats all you got. CLOWNSHOES CLOWNSHOES CLOWNSHOES. And my wife joins you in the cellar. WOW LOL. Baron has to be like 17 years old, and still in high-school with his childish attacks and insults. Go ahead attacking the person is fine. Obviously you can't attack the facts outlined in these messages, which come straight from the Q2 MD&A (ending January 31) from those who do their DD.
MD& A Facts from Q2, Ending January 31, 2022
Fact #1: Platform/Xtract Sales Revenue $1,886,679 (6 months ending Jan 31, 2022)
Fact #2: Cash In Bank: $6,411,540 ending Jan 31, 2022
Fact #3: Avg Qrtly Burnrate: ($3,200,000)
- Xtract Revenue (6month/Q1&2): $1,465,892
- Platform Revenue:(6month/Q1&2) $420,787
Fact #4: Backlog Revenue: $2,321,915. = $580,478 per Quarter Backlog Revenue
- Platform Backlog Revenue. $616,227 to be paid within year = avg $154K/quarter
- Xtract Backlog $1,709,688 to be paid within year = avg $427K/quarter=
Fact #5: $6.4M in Dilutive Funding. (after fees)
Fact #6: currently zero new Xtract Sales reported during Q3, and who knows how many successful pilot trials have freed up the "$1.2M in signed agreement that are pending successful trials" (per Q2MD&A), puls any new sales... Where's US Inspector General sales?
- Lets say 1/6 close a month, based on 6 month trial period), so that $600K per quarter in sales with revenues spread over 3 year term for recognized revenue (like PATs other agreements). That's $16.6K reevnue per month for 36 months or $50K per quarter
Now lets add these up. -
- Q2 End Cash: $6,411,540
- Less Q3 Burn: ($3,200,000). Average burnrate when you don't use Raytheor as offset
- Plus Q3 Backlog Revenue Received $580,478
- SUB TOTAL: $3,792,018
- Plus Dilutive Investment: $6,400,000
- SUB TOTAL: $10,192,018
- Plus Pend Trial Sales with Deploymentt Rev / Quarter: $50,000
- TOTAL: $10,242,018 Cash In Bank end of Q3, FY2022 (April 30, 2022). PLUS ANY NEW PLATFORM SALES & ACTUAL DEPLOYMENTS DURING Q3 (for recognized revenue) (New sales & deployments not already referenced/covered above with the $1.2M pilot trials and $2.3K in backlog revenues within next year)
$10,242,018 IS ENOUGH FOR 3 MORE QUARTERS ...UNLESS MORE DILUTIVE FUNDING COMES IN.
MORE IS DEFINITELY NEEDED Do the math...Q2 MD&A is available for free download at
SEDAR.COM under Patriot One Technologies (Published March 2022)