Also from the report (august 2023): POET Technologies ended the June quarter with $8.5 million in cash and marketable securities and no debt. The company received $1.6 million from the exercise of warrants and stock options during the quarter. Working capital was $6.6 million. The company had a negative cash flow (excluding changes in working capital) of $3.2 million and a negative free cash flow of $3.3 million. The company is burning about $1.1 million a month. The company still has another $160,000 it can raise through the exercise of warrants that will expire by September. On June 29th, it set up an ATM facility through which it can raise up to $30 million. After the quarter ended POET raise $993,837 from issuing 227,173 shares through this ATM. As of August 11th, there were 40,586,667 shares outstanding. At its current burn rate, the company has a potential of 7.5 months of cash. We expect it to get easier to raise capital as it starts to generate product revenues in Q4. We expect the company will press release its first shipments. As revenues ramp, we expect the burn rate to decline.