RE:RE:RBC Reportbossu wrote: I would rather worry about the cash burning rate per quarter.
Cash equivalent
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$23.8-million at Aug. 31, 2022 -Cash and cash equivalents of $17.5-million at Nov. 30, 2022 -Burning rate /quarter $ 6,3 M (Q1 2023)
- In December, 2022, the company closed an $11.5-million bought deal offering.
- Cash and cas equivalent to be $ 29 M after the financing
- Assuming a cash and cash equivalent at say $ 20 M would mean a cash burning rate of $ 9.0 for the quarter .... a number that I care about
- top line revenue has to increase from Q1 2023/Q2
- and bottom line less than $ 3 ,6 M loss
Number to watch Top line.........has to be higher
...............................Bottom line..... lower loss
..............................Burning rate ....about the same as the Q1 2023 and not more than the Q1 2923
Just to say we need ''good news''
If it's not the case OPS to ''suffer''
Going to use your numbers. so $29 million.
Cash at February 28 - $21.9 million.
$7.1 million cash burn.
$2.9 million used for sales and marketing .
Structural heart sales, despite being in controlled release in the U.S. market, were
$0.5 million in the second quarter of 2023, driven by a 31% sequential increase in sales as compared to the first quarter of 2023.
That's SavvyWire sales startup sales with limited U.S. availability.