Jim Shelton's questions to Arqit Quantum (ARQQ) leadership • H1 2023
Question
Jim Shelton asked for clarification on future satellite-related CapEx, expressing investor concern about cash burn and potential dilution if revenue growth from the new strategy is slower than expected.
Answer
David Williams, Founder, Chairman & CEO, reassured that Arqit does not expect to make any material future CapEx on the satellite project, as the company's firm intention is to sell the business. He emphasized that the company's cash runway projections are based on the reduced operational cost base of $3.2 million per month, independent of any satellite-related spending.