"Losing up to a million a month" doesn't necessarily mean "using a million in cash a month." The first may be based on accrual accounting, the second is based o

"Losing up to a million a month" doesn't necessarily mean "using a million in cash a month." The first may be based on accrual accounting, the second is based on cash accounting, and they don't need to equate in any particular time interval. E.g., if you pre-paid $12M in rent for a warehouse for a year, you might be "losing $1M a month" in accrual accounting (as the prepaid asset gets run down) but using no cash in that same month.