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ION Video Cuts Cash Burn Below Targets as Talks with Meta and Alphabet Continue
9:36am on Monday 20th of April, 2026 AEST
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Technology
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ION Video Cuts Cash Burn Below Targets as Talks with Meta and Alphabet Continue
9:36am on Monday 20th of April, 2026 AEST
Key Points
Monthly cash burn reduced to $148,000, below $160,000-$190,000 target
Non-recurring costs of $286,000 in Q1 related to redundancies and legacy tech
Cash runway expected through Q2 2027, supported by R&D refunds and receivables
Preliminary talks ongoing with Meta Platforms and Alphabet Inc.
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