Looks good. Doesn’t look like they are burning any cash, given that they probably spend a lot on non productive activities like setting up the new office, engaging new staff who are yet productive, and investing in new products. Hopefully the returns from these activities will come in future periods.
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- Ann: Quarterly Activities/Appendix 4C Cash Flow Report
Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-9
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