Aug. 14 at 3:02 PM
$LNZA The biggest issue with this company has been the excessive burn due to being in the R&D phase... well the cash position is now robust at
$45M (there's optionality to trim their JV shares as well to raise cash if needed) but equally importantly, they have massively reduced the EBITA loss... as @SodiPodi noted below, the ebidta loss for the second half is expected to be around
$7-11M... so the company now has sufficient capital to get to profitability in 2027 without the need to raise new capital... that is HUGE PROGRESS.
