Rockley Photonics Holdings Ltd (RKLYQ)

[Bruinfan4ever]

In a presentation months ago, they had 400 million for 2023 and 1 Billion for 2024. But they took it out. They have not given any guidance for 2023 yet. Only 25-30 Million for this year. Why not leave that in the presentation if they still expected those numbers?

Even with 81 Million that is 117 Million total cash. That's only 3 quarters with their cash burn.

They said their platform was completed two years early. What if it wasn't? This company would be dead in the water.

We can only hope this saves them.

Baseline Band Design Confirmed – With plans to begin production in the second half of 2022, the Company finalized the design of its new Baseline band and began finalizing agreements with its contract manufacturers, building its supply chain and ecosystem as it moves to production. Initial shipments of Rockley’s Baseline band to customers are expected in the fourth quarter of 2022.