"STXS has $9.6M cash as of last qtr.." ....... don't forget the $9.8M in Receivables as of the end of Q1. That's over $19M total....against a net Q1 loss of $3.6M......that looks like about 5 to 6 operating quarters of wiggle room to me....and don't forget the LOC!
YES, eventually there may be an offering to raise more operating capital.....but this will be a good thing. Remember, STXS is mostly held by INSIDERS...do you think they will want to see unreasonable dilution???