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Re: So ...

By: DigSpace in ALEA | Recommend this post (0)
Thu, 29 Mar 12 12:13 AM | 76 view(s)
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Msg. 07105 of 54959
(This msg. is a reply to 07104 by Cactus Flower)

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Yes, they said that cashed $2.4m from the ATM thru Mar 26.


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The above is a reply to the following message:
So ...
By: Cactus Flower
in ALEA
Thu, 29 Mar 12 12:10 AM
Msg. 07104 of 54959

Revenue is as expected at $11m. They are at the top of my range.

Cash was lower at $3.4m - this is partly explained by the increase in working capital (net current assets), but since company only isn't available and nor are quarterly numbers I haven't had time fully to explain the difference ahead of the CC.

That means Wave probably has less than they need to make it to the end of Q2 at a burn rate around $2m/quarter, in my opinion.


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