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Name: Wisekey International Holding-Interim Report 2017
File name: F-Pages_YTD-Q2-FY17_2017-09-18b.pdf
File size: 0.2 MB
The Company incurred a net operating loss of USD 3,094,000 and had negative working capital of USD (20,675,000) as at June 30, 2017. Based on the Company’s cash projections for the next 12 months, it will need approximately USD 2.6 million to fund operations. Historically, the Company has been dependent on equity financing to augment the operating cash flow to cover its cash requirements. Any additional equity financing may be dilutive to shareholders.