CTQ 0.00% 1.2¢ careteq limited

Ann: Divestment of Sofihub business, page-2

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  1. 271 Posts.
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    "
    The immediate cash inflow of $0.58 million from the sale will bolster Careteq’s cash reserves as well as the
    reduction of future outflows by $0.8 million.
    Additionally, the Company has recently undertaken a cost optimisation initiative, reducing its annualised cost
    base by a further $0.83 million heading into FY25.
    "

    Great news, focus is now squarely on the EHS/HMR business which is high growth, profitable and high margin.

    Will see what the latest 4C indicates, but the above would suggest that even if they aren't able to contest the ATO issue, the company looks to have sufficient cash to take the hit.
 
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