Well in the last half yearly they had $5.6m left, they are capitalising software costs which makes the profit numbers look better not sure of discount rates but they capitalised $500k more costs than they amortised.
The burn then was $5.8m for the half so they presumably are running on fumes.
The new sales staff are kicking goals but they have to cost money so although they have added revenue, they would have added to the expenditure as well.
ARR of $12m by 2020 at those burn rates means they would be cashflow positive 2021-2022 maybe but burn should decrease prior to that.
Next set of accounts will be interesting to see just how much runway they have left because it was about 6-7 months, 6 months ago so you would have to expect a raise soon
Capital raising, page-15
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