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clock Created with Sketch. 23/03/23
10:32
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Originally posted by Marvin_Mindreader:
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To really understand this I think you need to look a bit closer and combine assessment of P&L, cashflow and the investor presentations. Revenue was up $360k and expenses were up $260k (implying an $100k improvement). But on cashflow, taking operating cashflow (and also factoring in repaying principal on loans and leases), it went from -$1.76m to -$1.16m, an improvement of $600k. Of this, it looks like payables increased by $150k and receivables decreased by $140k, so net result is $300k improvement in operating cashflow. A decent improvement. As they grow, some of the payable will continue to grow so you get a permanent improvement in working capital, but wouldn't expect receivables to change much - most of the improvement was collection of R&D which happens once a year.
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Agree this is the catalyst. No other way forward really.
(20min delay)