Of course it is in cash burn phase , that is obvious . They are...

Of course it is in cash burn phase , that is obvious . They are setting up the company for the future and to do that , they have to spend money on capex , including factory costs, wages , application costs etc
Surely it is not to difficult to see what stage GMV is in ...no revenue until approvals and factory in production , which is why the SP is in the 30c range...speculation that GMV will reach its potential.
If you want a share that has positive cash flow , go buy A2M , and pay 40 times more.