With cash outflows this quarter pretty much spot on as forecast 9.8m (actual 9.7m - credibility at last ) and forecast for next Q outflows of 6.4 m with receipts anywhere between 6% growth ie 7.4m or factor in Pegusus (A$13m pa) from first Q 2018 and receipts around 9m+ and cashflows circa 2 million = massive rerate.
"Cash receipts during the month of June exceeded cash outflows by A$350,000, resulting in Alexium’s first ever cash positive month."
" At the end of the period, Alexium had A$1.5M in receivables in addition to A$3.4M in cash and cash equivalents."
'''During the period, Alexium increased its shipments of its Alexicool™-based formulations to its finishing customers by 182%, a key addition in the Company’s bottom-line gains this quarter"
"Alexium is now selling Alexicool™ to 11 different finishers who sell fabric to dozens of bedding brands."
"With cash of $3.4m and receivables of $1.5m, together with higher margins on business that generate cash and existing inventory, Alexium has sufficient working capital for our current need"
As always next Quarter - Best one ever guaranteed
Disclaimer : No Guarantees
AJX Price at posting:
48.0¢ Sentiment: Buy Disclosure: Held
(20min delay)