The steps we took this past year strengthened our financial...
The steps we took this past year strengthened our financial position. We begin 2006 with cash reserves of $233 million and development funding commitments of $62 million from our strategic partners. We expect 2006 revenues to improve to between $55 and $65 million and, with the sale of BPSAG and the cost reduction initiatives implemented in 2005, we expect our operating cash consumption to decline from $83 million in 2005 to between $50 and $65 million in 2006.
![Dave Smith Quote About Begin, Cash, Cost, Decline, Expect: The Steps We Took This...](http://qt.azureedge.net/resources/quotes-images-large/the-steps-we-took-this-past-year-strengthened-our-financial-position-we-begin-20-7cd2baab1b95a0857d90847e0bc1a177.jpg)