RE: Further increase in gross margin to 38%16 Jul 2024 09:43
The lower revenue impact on cash burn is overtstated now that margins have increased. $4m revenue at Insuffic
$4m at 28% gross margin generates $1.120m cash whereas $2.8m revenue at 38% GM generates $1.064m. An impact on cash burn of $56k, which is a long way from $2m.
It's worth noting that had revenues been just $150k more at $2.95m then the cash generated would have been the same.