I apologize for not being more precise about what "Cash" I was referring to. Regarding the original post that started this discussion, I'm referring to total current assets. For LQMT, this is mostly cash and cash equivalents. Thank you for pointing out the discrepancy in my thinking.
My premise however does not change. Burned through $40.3M going back to 2016. Is this "meaningless" as you say? Tells me a lot.
My "motive" is to be realistic about the state of LQMT. After a decade of watching this turd deteriorate, it's about time to see some progress.
This is my original message updated with the correct labeling with numbers from SEC filings:
----------------------2017 ------ 2018 ----2019 ---- 2020 ------- 2021
Revenue ------- $0.3M ----- $0.5M - $1.4M ----$1.0M ---- $0.8M
Tot Curr Ass --- $42.1M -- $35.7M - $24.6M - $17.0M - $18.6M
Gets even worse if you go back to 2016 at $58.9M
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