I can see the share price continues to be depressed with the sell down presumably from a pre IPO holder.
Cash burn for the current quarter is $1.6M with estimated $500K + revenue. To break even in 12 months, assuming cash out stays at $1.6M per quarter revenue would have to increase 50% per quarter.That seems unlikely. To break even after 2 years (8 quarters) revenue needs to grow at 18% per quarter. However as they increase production the cash cost per quarter will increase meaning the revenue will have to increase at a great rate than 18%.
MOB Price at posting:
8.2¢ Sentiment: None Disclosure: Not Held