Nothing wrong with this quarterly. Very small cash outflow due to prepayments of supplier materials for current contracts. Investors hopefully understand that it is a very good sign that EVZ pay their supplier accounts within terms and do not hold creditors at bay while they themselves wait for progress payments. They also are showing $8m in cash with no borrowings so interest rate concerns are low. What might appear as a low point is actually a snapshot of there position as they carry out quite large contracts and have as yet not received progress payments holding the profit margin. IMO little to worry about here.
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- Ann: Quarterly Activities/Appendix 4C Cash Flow Report
Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-2
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