Figures below in USD.
As of June 30, they had about $7 million. For Q2 2017 (ending June 30, 2017), they burned about $4 million. Their quarterly burn rate fluctuates (in Q1, it was $1.9 million, and in prior quarter before that, about $7.6 million).
No doubt they'll need cash infusion soon. Have seen estimates that Excelsior will seek about $34 million through equity sale (share dilution), and seek about $51 or 52 million in debt financing. But this was not a secret and, I think, well known to potential Excelsior common stock investors.
Maybe the share price drop is the sudden realization by a couple of shareholders that Excelsior will be selling more shares very soon for the equity financing? I thought that factor was already baked into the current share price.
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