Well, some improvement here in terms of cash burn, cash expense/payments down $600K compared to the last quarter.
Sales revenue increased just $33,000 to an unimpressive $933,000 for the quarter.
And of course cash reserves have predictably fallen from $8.16M to $6.56M.
I hope some of their forecast deals start to actually deliver revenue and profit otherwise a continuation of this trend will see them with little or no capital by EOY FY09.
Good luck to FRE holders.
4c report cash loss 1.6m rev 0.93m 6.6m cash
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