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Ann: Hydrix signs contract with Angel Medical Systems, page-12

  1. 6,841 Posts.
    lightbulb Created with Sketch. 2535
    CR?????? Why when..

    - Funds available for working capital at 30 June 2019 are $0.78 million.
    - Record FY19 total revenue of $14.23 million, a 149% increase on FY18;
    - Maiden quarterly cash operating profit (1) of $0.43 million;
    - “The Company met or exceeded all market guidance milestones – including delivering a maiden quarterly cash operating profit.
    - “The Company is well placed to deliver strong revenue growth in fiscal 2020; a healthy pipeline of potential revenue from current projects exceeds $33.0 million.
    - Key milestone targets for FY 2020:
     Revenue growth to exceed 15% year on year;  Deliver a full year cash operating profit; (1)

    Why one earth would they need a CR when interest rates are so low and profits have began and they 750K in bank.
 
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