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It says something about the industry when "only" a $30.9M annual burn rate sounds small.
It says something about the industry when "only" a $30.9M annual burn rate sounds small.
It is quite small though compared to potential profits.
The $30M is 20% their annual revenue, or 18% of their current assets. That doesn't seem out of line for a growing business, and is something you can do without Venture Capital.