I was thinking about buying. But what concerns me is the cash burn rate.
Any thoughts deep.
You are wise to consider the burn rate. According to their latest docs, they are burning about $120M / year. So it should be about $30M this quarter.They have cash to last about 2 years. I give it less than 10% chance that they can make it to profitability by then, so there will almost certainly be some heavy dilution.My recommendation would be to stay on the sidelines or sell short for now. Best wishes and happy thanksgiving.