Q4, $10m, $7m?
Certainly I hope equity financing isn't being called revenue ...., but starting with $1.2m in the bank, bringing in $3.3m in PP money, and $7m of sales gives $11.5 to burn.
That is pretty much what I think happened.
That is no CFBE, not even close, but much closer than Q3 was.
Give Q1 an extra million in revs, a million in PP, and shave another million off expenses and that will be close to (but short of) CFBE. That is what they are going to say in the CC. Q4 will soundly miss CFBE, but they will say they have reached CFBE for current operations. Q1 still won't be CFBE in aggregate, but the last two weeks of March may well be.
The above content is my opinion.
