Some good wins here: - Cashflow positive quarter - with the additional comment that "Management expects further improvement in cashflows over the coming quarters as fiscal discipline is maintained and the benefits of recent investments in sales capability begin to translate into stronger customer engagement and contract momentum". - Receipts of $5.48M compared to previous quarter of $4.08M - Some good contract wins and renewals as well
Good to see that the company has also included sales pipeline of $3.34M in the company quarter. Also the mention of starting to investigate potential M&A opportunities which is nice to see.
Might have been good to see a higher cashflow positive quarter but it is a step in the right direction. Also I have to say good to see the company release a 4C not on the 31st of the month. If you've got the financial data share it! Would be great to see a presentation from the company as well, but for now we'll take the cashflow positive quarter.
We did see some really strong buying after the release of the previous quarterly, will be interesting to see if this happens again here. Obviously a bit of a tough market to see strong buying action though.
EXT Price at posting:
1.1¢ Sentiment: Buy Disclosure: Held
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