For now cost of sales has been equal to revenue and burn been about $4M a quarter , suggesting zero cash end of year and so a raise likely around end of sept
Once we see burn drop to less than $2M a quarter and QoQ growth of 20% , they can do raise without much damage to share price
P3 readout May be more hype than real for equity raise
One more comment. It could also leads to a partnership or a buy-out since Market potential/space is hudered of millions if not Billions. Not hard to figure it out.