Cash flow
Novatti’s cashflow continued to strengthen over the FY20 year. Product manufacturing and
operating costs as a percentage of receipts from customers reduced from 75.9% in FY19 to
68.5% in FY20, reflecting the lower direct costs to deliver its increased processing revenue.
Novatti was almost cashflow positive as net cash used in operations for the quarter narrowed
to just $16,000, down from $543,000 in the March 2020 quarter.
While Novatti held $2.6 million in cash at the end of the June quarter, this does not include
the $10.2 million raised through a share placement announced at the end of the quarter.
Going forward, Novatti’s management will continue to prudently balance cashflow to
navigate the challenges of COVID-19 while pursuing its growth strategy.
Revenue
Despite the widespread disruption caused by COVID-19 during the June quarter, Novatti
maintained record operating revenue of $3.05 million (unaudited), slightly higher than its
March 2020 quarter result.
This result furthers Novatti’s record of delivering consistent, long-term revenue growth with
the FY20 total revenue increasing more than 33 per cent on the previous financial year's
$8.9m to $11.86 million (unaudited).
- Forums
- ASX - By Stock
- NOV
- Ann: Corporate Presentation
Ann: Corporate Presentation, page-148
Featured News
Add NOV (ASX) to my watchlist
(20min delay)
|
|||||
Last
4.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $14.58M |
Open | High | Low | Value | Volume |
3.9¢ | 4.1¢ | 3.8¢ | $12.44K | 316.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 540439 | 4.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.1¢ | 14540 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 540439 | 0.040 |
3 | 98290 | 0.038 |
3 | 256000 | 0.035 |
1 | 93781 | 0.031 |
1 | 90000 | 0.030 |
Price($) | Vol. | No. |
---|---|---|
0.041 | 14540 | 1 |
0.042 | 178774 | 8 |
0.043 | 73961 | 3 |
0.044 | 9233 | 2 |
0.045 | 32954 | 3 |
Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
|
|||||
Last
4.1¢ |
  |
Change
0.000 ( 0.00 %) |
|||
Open | High | Low | Volume | ||
4.0¢ | 4.1¢ | 4.0¢ | 34875 | ||
Last updated 14.55pm 14/06/2024 ? |
Featured News
NOV (ASX) Chart |