Sigma Labs Inc (SASI)

[TedJ]

Updated for 3Q results:

The 1st Q conf call was on 5/14/20, which was due on 5/15. And no new financing after that.

The 2nd Q conf call was on 7/23/20, which was due on 8/14, so 3 weeks early. 10-Q reported $2.45 million in cash as of 6/30/20.

The end of August, four accredited investors exercised preferred warrants by paying the company $3.5 million. They originally obtained the preferred warrants during the $1.6 million financing deal back in January.

The 3nd Q conf call was on 10/22/20, which was due on 11/14, so 3 weeks early. 10-Q reported $5.51 million in cash as of 9/30/20.

$2.45M cash 6/30
+$3.50M cash increase August
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$5.95M --total
-$4.51M cash 9/30
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$1.44M cash spent in 3 months

cash burn rate $480K per month even with new hiring