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The immediate cash inflow of $0.58 million from the sale will bolster Careteq’s cash reserves as well as thereduction of future outflows by $0.8 million.Additionally, the Company has recently undertaken a cost optimisation initiative, reducing its annualised costbase by a further $0.83 million heading into FY25.
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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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Last
1.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $2.845M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 235857 | 1.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 406000 | 2 |
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| Last trade - 16.21pm 30/07/2025 (20 minute delay) ? |
| CTQ (ASX) Chart |
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