The revenue growth seems to be solid enough but it's still...

The revenue growth seems to be solid enough but it's still burning through twice as much in costs as they are bringing in. I wouldn't mind that in a "land grab" Saas company, but food? Losses due to building the infrastructure are expected, but I reckon it should be profitable, or at least break-even, on any amount of revenue when you count in staff and admin costs.

There's a bit of gross profit from sales, but this is before paying $3m in staff costs and admin. It looks to me like we need to 5x sales to $20m before turning cash flow positive. Am I wrong to look at it so simplistically?

Still waiting to see some projections for the production tonnage planned for the oatmilk and lupin lines.
At least there's a decent cash buffer... get this thing built and start bring in some real money.