The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Steve Brozak - WBB - Analyst
: Hey, congratulations, gents, on the contract award and the good news around that. I'll cut away from a different part, the part that you just
mentioned. From people that were at the court hearing, there was a perception that basically there was a question as far as, well, what exactly
would damages be and how would you basically assess them. And now we're looking at a situation where we're in a horizon of potential contracts
being awarded. Can you give us some insight as to what that would mean?
Question: Steve Brozak - WBB - Analyst
: Okay. I'll jump back in the queue. But congratulations again on the quarter and obviously on the news that you've gotten an award. And we look
forward to finding out what happens this quarter. Thank you, again, gentlemen.
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Question: Nathan Cali - Noble Financial - Analyst
: Hi, guys. Good afternoon. Thanks for taking the questions. Just had a couple of questions. What is being done to prepare for the trial in January?
And as far as your billed and unbilled receivables, have you guys seen any progress there? I know you discussed it a little bit. Could you just go into
a little bit of detail there?
Question: Nathan Cali - Noble Financial - Analyst
: Okay.
Question: Nathan Cali - Noble Financial - Analyst
: Okay.
Question: Nathan Cali - Noble Financial - Analyst
: Okay, thanks.
Question: Matt Duffy - Black Diamond esearch - Analyst
: Hey, good afternoon and thanks for taking the questions. A couple of things. One, you've got the award, and congratulations on that. But how far
does the $78 million take SparVax development? Does it -- what specific trials and how far in the development process will that get you?
Question: Matt Duffy - Black Diamond esearch - Analyst
: Okay, very good. And on the Protexia side, as they're making the decision here, can you give us some color on some of the decision points and
what the issues are that they're weighing in terms of as they determine whether or not to go ahead with additional Protexia funding?
Question: Matt Duffy - Black Diamond esearch - Analyst
: Okay, very good. Good luck with that.
Question: Matt Duffy - Black Diamond esearch - Analyst
: Okay, very good.
Question: Debra Fiakas - Crystal Equity Research - Analyst
: Thank you. I was wondering if you could tell us a little bit more about the manufacturing facilities for SparVax and if there is a requirement for some
additional investment over the next, say, 12 months to 18 months.
Question: Debra Fiakas - Crystal Equity Research - Analyst
: Excellent. And this, I think, is probably a question for Charlie. Could you please, if you would, repeat the cash figure that you provided?
Question: Debra Fiakas - Crystal Equity Research - Analyst
: Okay, excellent. And then also could you tell us what the cash usage was during the second quarter, just during the June three month quarter?
Question: Debra Fiakas - Crystal Equity Research - Analyst
: Excellent. Thank you.
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