RE:best news hereQ1 burn rate was 500k, That was why i expected cash could last at least 6 months to the end of 2023. now it is 300k, 12 months runway, It is great improvement. It had cash 3.8m by Jun, + 2.5m new cash=6.3m/300k burn rate=21 months. Maxmum is 19months runway.
mingzhu wrote: "we've reduced Nextech3D.ai's cash burn down to $300,000 which when combined with our recent capital raise, gives me the confidence in saying that we won't need to raise additional capital for the next 12 months. "