I had a look at the 4C from September; the cash burn is about US$5 Million per quarter; they indicated that the December quarter burn rate would be similar. The cash usage for early 2017 depends (almost) entirely on the US Aeroform take-up rate. Canacord (September) said US sales of US$9.8 Million in 2017 and a loss at the EBIT level of US$9.4 Million, which is makes a capital raising a "line-ball" judgement.
I had a look at the 4C from September; the cash burn is about...
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