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Re: alanthill post# 71439

Monday, 11/11/2019 2:29:32 AM

Monday, November 11, 2019 2:29:32 AM

Post# of 81999
They list their cash burn as $360,000 per month in their October presentation.

I've figured it would take about 10 units sold per quarter to break even, or about ~40 per year. Some investors might have a different figure. As time progresses, it should take fewer sales to break even as you have recurring revenues from licensing, though that will take some time.

It's actually the company's expectation to break even in 2020 that has me very interested, as like you said, they'll need to sell more than just a couple of units to do so. It starts to make sense though when you look at their sudden announcement that they'll be sharing a booth with Materialise as these two companies have managed to integrate their software, which is a big deal for both parties, IMO. Somebody correct me if I'm wrong on this, but I believe since the first RTE that both companies were working together on the installations, and that they were also working with them on the beta testing of closed loop.
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