Will VNRX do another capital raise before EOY23?
Jul 29, 2022 - 16:35
I think yes, they will because on June they said they will reach break even for Vet in 2-3 years. They are currently burning $6m/q cash and have have cash for almost 4 quarters. This raise gives them another quarter which gives them money for almost 5 quarters run rate.
- They are consistently taking longer to execute than they say (so 2-3y probably means 3-4y).
- They are probably signing another HSKA-like deal this year which will give them another big pile of money.
- They are going to sign deals for their other products which will bring in more money.
- Revenues will grow quicker than expected because there is no real competition or replacement product for this so it will get adopted very quickly.