>How long can RC survive without additional funds? What is your typical runway (in months)?
RC Forward currently has a runway just shy of 10 months which would bring us to June, 2021.
Our typical runway averages around 6 months, though this has ranged from 3 months to 10 months in the past two years. Right now we are currently benefiting from the Canadian Employer Wage Subsidy (CEWS) program. Funding is not guaranteed and is applied for monthly, however this wage subsidy has allowed us to stretch our runway considerably. The program is available until December, 2020.
How long can RC survive without additional funds? What is your typical runway (in months)?
Yes, seems highly likely. I will check back around that time.
Thank You very very much.
>How long can RC survive without additional funds? What is your typical runway (in months)?
RC Forward currently has a runway just shy of 10 months which would bring us to June, 2021.
Our typical runway averages around 6 months, though this has ranged from 3 months to 10 months in the past two years. Right now we are currently benefiting from the Canadian Employer Wage Subsidy (CEWS) program. Funding is not guaranteed and is applied for monthly, however this wage subsidy has allowed us to stretch our runway considerably. The program is available until December, 2020.