The estimated cash outflow for the March quarter (from the December quarterly filing) was -$1,320,000. The cash outflow for the December quarter was about 50% higher than the forecast value in September, but let's take this March quarter prediction as accurate to give the benefit of the doubt.
So if revenue for Jan-Feb this year was $416,000, we can expect the quarterly revenue (Jan-Mar) to be approx 1.5 * $416,000 = $624,000. If March is a cracker you could increase the multiplier to 1.75.
So if we keep the -$1,320,000 predicted outflow, that gives an expected net cash movement of -$696,000 for the upcoming March quarter, compared to net cash movement of -$503,000 for December.
If their expense prediction is as bad this quarter as it was last quarter, then we'll have -$1,320,000*1.5 = -$1,980,000 in expenses and $624,000 revenue for a net quarterly loss of -$1,356,000.
That's not great, is it? Am I missing something? I hold this company for now and like the story, but the numbers aren't looking great. I also share the poster above's concern about comparing quarters to prior corresponding period for a company this young - I think that's misleading.
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