800 devices at 20k rev each would put the company at break even or slight positive earnings.
At this point they are burning less than $2mil per Qtr with the exception of previous qtr where they put aside extra $1mil to kick start the official sales launch of (Reimbursed + clia waived) Tearlab.
They had $18mil in cash from previous qtr report, this is enough.
If you have concerns get involved and research your self or perhaps join the earnings CC and ask the question.
same report shows they burned around 6.3 for 9 mos as they place more instruments burn rate goes up. of 18 in cash, a little over 12 came from equity sale so they will need more $. one key will be sales reps not giving out instruments to any and every doc when that happens if not caught quickly enough can create problems and this is always issue in poc testing markets.
well I would tend to agree -- I think the Company is moving to more of a razor and razor blade model - where the machines are not sold upfront - rather given/leased for the long term - then Dr's are locked into a long-term annuity of the disposable products. Less upfront cash, but better long-term visibility.