Tuesday, January 09, 2018 5:07:08 AM
"As of June 2017 we had enough cash for 21 Months or 6.9 quarters based on current burn rate of $1.8 Mil per quarter on average.
$12.8Million Cash June 30 2017 / $1.8Million Loss from Operations = 6.9 quarters. Then 7 x 3months per quarter = 21 month"
We should have enough cash for 1Year+ still. Even if the loss from operations increased to $2Mil, which is where we are atm.
I don't see any need to raise any money this year, but a little from warrants cant hurt.
Management needs to really push hard this year to get in the revenue to get us to that cash flow positive state and don't give us any excuse. "Just do it!"
Recent CYRX News
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