The Q4 burn could turn out to be less than C$5M, but that number already factors in about C$2M in reductions of non-recurring charges (their Qtrly cash burn from Ops was closer to C$7M avg for first 9 mos).
They should also see an increase in gross profit from an increase in AC revenues, which could bring that burn down some more, but I think that amount may just offset some of the spill-over Kanepi charges so I'm not factoring it in the estimate.
There's also a wild-card that could potentially bring the Q4 cash burn number down further, which is the licensing revenue. In Q4 last year they recognized about C$3M in licensing revs, but I'm not sure how the cash flow is impacted by that. I might try to look into that some more.
Anyway, it's just a ballpark estimate. Who knows, maybe we get a pleasant surprise for once. There's a lot I don't know.
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