So that people aren't basing decisions of buying and selling Nuheara shares on incomplete information posted on another thread yesterday (it seems that poster forgot or was uninformed on the $1.5m options conversion or the $387,000 R & D refund).
Projected cash position at end of this quarter:
Cash at end of last qtr (Dec 17) = $5,635,000
Incoming this qtr:
Receipts to be added this qtr = $1,600,00 (these are from sales in the last qtr of 2017 and can be estimated based on Nuheara's announced sales figures for the qtr of 4,592 units at an estimated $350 per unit. Most of this qtrs receipts will not be shown until 2nd qtr based on past 4C's.)
Cash from options conversion this qtr = $1,500,000 (30m converted at 5c)
Outgoing this qtr:
Research = $250,000 (Nuhearas projection on last 4C - NUH projections have been averaging over 90% accuracy on the last eight 4C's)
Product = $1,000,000 (as above)
Advertising = $750,000 (as above)
Staff = $1,000,000 (as above)
Admin = $750,000 (as above)
IP = $750,000 (as above)
Known cash at end of this quarter: $4,242,000
Plus probable: What can be added to this balance is the overdue R & D refund from govt of about $387,000 to give a total of $4,629,200.
Plus possible: Any forward income received from sales of IQbuds BOOST product and online income from IQbuds sold this qtr and income received added in early (eg - online sales)
All in all, there will not be a shortage of cash heading into the second qtr.
The 4C due at the end of this month will confirm and adjust these figures as necessary and then show projections for the second quarter. From there we can see how much further the company can progress on its current finances.
With a significant inventory of IQbuds (COG already accounted for) and a big margin on IQbuds BOOST the cashflow situation is improving quite rapidly for a new start up with only 15 months of sales so far.
Expand
