Comment from todays ROCKLEY earnings report:

Mahesh Karanth, chief financial officer of Rockley

https://finance.yahoo.com/news/rockley-photonics-reports-first-quarter-133900033.html

"We are pleased to have completed the financing we separately announced earlier today. With this financing, we believe we will have the financial resources to advance our opportunities in consumer wearables and medtech," said Mahesh Karanth, chief financial officer of Rockley. "We are focused on aligning the financial structure of the company to support the many opportunities for our biomarker sensing platform. We are committed to the efficient use of cash, correlating expenditures with initiatives tied to accelerating the commercialization of our consumer wearables and medtech products, which will allow us to reduce our cash burn in the second half of 2022. While we have made progress toward these efforts, it’s important to note that our cash burn for the quarter included a $7.5 million debt repayment and other items that we do not expect in future periods, including an anticipated reduction in expenses from our data communications business when it has been monetized."