RAN - from last Q
BUSINESS AND FINANCIALS SUMMARY
• Cash balance at the end of the June 2020 quarter was US$1,041K.
• Cash burn for the quarter (inclusive of forex) was US$299K compared to the previous quarter of
US$786K.
• Sales revenue of US$280K for the quarter compared to prior quarter of US$287K.
• 7 new name clients were added in the quarter (8 previous quarter)
• Efficiencies gained through modifications to wash plant, drying and dry friction processes have
resulted in a further 15% decrease in raw materials pricing.
• 24,507 pallets were sold (invoiced following delivery/collection) during the quarter, up from 22,189
in the previous quarter.
• There are forward orders for 2020 of 33,231 pallets.
• There is no back-log of old orders awaiting production.
• As at 30 June 2020, inventory was 9,888 pallets
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