sales projection by the end of 2013
q3 2012, 4 bookings; q4 2012, 6 bookings; q1 2013, 9 bookings, q2 2013, 12 bookings; q3 2013, 20 bookings; q4 2013, 30 bookings. that's a total of 72.
72 X $700000=50.4 million.
assume revenue from consumables and service is 4 million/quarter.
4 million x 5q=20 million.
assume the cash burn rate keeps flat at 20 million per quarter,
20 x 5q= 100 million.
then by the end of 2013, we will have 120 -100 +50.4 +20 = 90 million cash in hand.
so we are looking good, no need for raising cash again, Pacb will easily turn the corner!
Sentiment: Strong Buy