This following post is what I refer to - VERY positive IMO
Arasor Internat ional Limited (ARR ASX) today ( that was a few weeks ago LOL) lodged i ts Appendix 4C Cash Flow Statement for the quar ter and ful l year ended 31s t December 2007. The company has been t racking successful ly toward its key mi lestones in growing the business rapidly including: - high top l ine revenue growth - becoming cashf low posi t ive by Q1, 2008 - becoming self -sustaining via debt f inancing solut ions The company signi f icant ly increased its receipts f rom customers, f rom $7.7 mil l ion in the pr ior quar ter to $15.3 mi l l ion in the cur rent quar ter , and signif icant ly nar rowed net operat ing cash out f lows f rom $20 mi l l ion in the pr ior quar ter to less than $1.0 M in the 4t h quar ter , and remains on t rack to be operat ional ly cash f low posi t ive in Q1 2008. As disclosed to the ASX on 15 October 2007, the company issued 10,104,153 shares in connect ion wi th the acquisit ion of Ver r i l lon Holdings Pty Ltd, the holding company for AOFR. This resul ted in an increase in share capi tal of $19,884,000, and increases of : $1,964,000 in capital equipment , $2,040,000 in cash, $0.5 mi l l ion in net cur rent assets, and $18,270,000 of intangibles. As announced to the market on 9 January, 2008, the company completed its acquisi t ion of the assets of Novalux Inc in order to leverage the USD$300M joint venture wi th ZTE Internat ional in China. At the end of December 2007, the Company’s cash balance stood at $7.5 mi l l ion. The company intends to release its FY 2007 f inancials the week commencing February 18t h, 2008 and wi l l provide an update at that t ime.
