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Thursday, July 21, 2016 10:42:55 AM
cash on hand as of 3/31/16: 1.09 million
Q-1 revenue: .4 million
Q-1 net loss .5 million.
All revenue in Q-1 was derived from services (none from software sales). My assumption is that the same will be true for Q-2 (any significant software sales would have been a reportable event). Payroll has also increased with the new hires in Q-2.
Even assuming revenue in Q-3 were to increase by 50% to .6 million and expenses were to increase only modestly we would be left with something like .6 to .7 million cash on hand beginning this quarter. That's enough cash to finish out Q-3 but not much more. I don't personally believe that Mark (or the new CFO) is going to risk going beyond Q-3 without a new cash infusion. Either substantial orders are imminent or further dilution in the very near future is a certainty. Comments/corrections welcomed.
Recent SASI News
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