Nenonde today reported Q4 sales of USD 2.4m compared to our expectations of USD 2.2m. The operating loss seems to be in line with our estimate of USD -1.2. Q4’18 only used USD 0.6m of cash, meaning cash should be enough for 10 more quarters, if Q4 would be representative for the coming quarterts, i.e. should there be no growth at all etc. Thus, the financing looks ok.