Sales of $28k for the quarter,… or 94 Pericoach’s in total … They burned through $1.3 mil in operating cash flow and have $2 mil of cash at hand and if you are generous and add the other facilities on hand we could say $3 mil all up..
So basically enough cash for 2 more quarters then they will need to raise capital… Looking at recent share price and moving averages the next capital raising potentially will be offered with a 0.01 in front of it which means a lot more dilution for current share holders.
So currently selling about 1 pericoach a week, to cover operating expenses need to sell 378ish per week.
What I am most disappointed at is that no figures for pre-sales were provided for the US or Europe which they told us they have…No forward sales guidance provided, no numbers around how many expected
Pericoachs will be sold per clinician, per clinician site.
Nothing at all to extrapolate revenue out and see what we actually are owning…
ALT Price at posting:
2.0¢ Sentiment: Hold Disclosure: Held