Jim Collins's questions to EYES leadership • Q3 2016
Question
Jim Collins from Portfolio Guru asked for details on the new exclusive license and funding agreement, the current production rate for Argus II, and the company's capital raising plans given its cash runway through Q2 2017.
Answer
Chairman Dr. Robert Greenberg revealed the agreement is with a small tech company for image processing technology, supported by $450,000 in grants. CFO Tom Miller stated that Argus II production is paused to manage inventory, with manufacturing resources redirected to R&D. CEO Will McGuire and CFO Tom Miller confirmed they are exploring financing options and expect to make a decision in Q1 2017 to secure additional funding.