FLC fluence corporation limited

Ann: Fluence Quarterly Business Update Call Details, page-9

  1. 1,200 Posts.
    lightbulb Created with Sketch. 125
    thanks morgamp, hamish.

    hamish, as far as I can see the company has acknowledged that $20 million revenue from the IC will be recognised in the 1st quarter however
    I can't find anything about the actual cash being received.

    (from the business update 31/1/20
    "Based on current contracts, the Company expects US$22.0 million of cash receipts from customers during Q1 2020 and cash payments of US $27.8 million, resulting in an expected net operating cash outflow for Q1 2020 of US$5.8 million. This cash flow does not include the first disbursement from Ivory Coast Project, which is expected in Q2 2020."

    regards, EB
 
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