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Strategies & Market Trends : ZixIt Corporation (ZIXI) -- Ignore unavailable to you. Want to Upgrade?


To: 10K a day who wrote (594)11/11/1999 6:43:00 PM
From: jjs_ynot  Read Replies (1) | Respond to of 4120
 
They burned off 11.5 million in these 3 months alone and Accounts Payable grew to over 7 million leaving Net cash of 55 minus 7 or about 48 million.

At this rate the cash should run out about April to June 2000. (About when Zix Charge is supposed to be relaased)

Doesn't leave much financial wiggle room for partnering or marketing a new product release.