Wave likely still has a little time to obtain financing if they need it. Recall it was early in Q4 that they obtained the $3.3M. Q4 has frequently been a good Q for Wave. As of now I'm inclined to think Q4 rev is at least $8.5M. They lost $6.1M on $7M sales in Q3. I'm guessing they reduced head count / Op Ex by $500K. (for reference Op Ex Q4'11 through Q3'12 was 15.2, 14.9, 13.7, and 12.6 in Q3'12)
$8.5M in rev at 95% gross margins would yield ~$8.36 gross profit, less 12.1 Op Ex is a $3.74 loss. Big improvement! If they don't go for more financing in the next 2/3 weeks I'll speculate even greater Q4 sales.