Yes, I agree.
Good to see 2 consecutive quarters of positive cash flow from operation.
I also like the quality of this quarter cash flow :
- unlike the previous one, this one also gives an impression that it may be sustainable as cash receipts represented 101 % of sales vs 115 % for the previous quarter,
- good sales (+ 26 % qoq) despite a 30 % decline for mining, which illustrates the success of their diversification
- good also to note that gross margin remains at the level of the previous quarters.
Ann: Investor Update - Haldon Industries Acquisition, page-59
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