Cash burn31 Jan 2023 13:03
They had £2.7m end Sept... End Jan they now have £1.6m. Thats a cash burn of £1.1m over 4 months. I'd say thats an impressive cost reduction and streamlining which has yet to be factored into the historic results.
They also have many millions GBP lined up in new sponsorship deals. Don't know why people think they would need to raise money when they have spent the past 2.5 years since IPO doing the same thing with no money required. They are backed by huge tier 1 blue chip global brands like Sky, Samsung and Coca Cola... If they announced a Nike or Redbull as rumoured it'll be trading at 2/3p quickly