CF Positive now In examining our recent financial performance, it is crucial to underscore a significant shift in the Company's cash flow position.Our financial Year-To-Date figures for April to August 2023 indicate an operating cash flow deficit of NZ$800k, a noteworthy improvement from the NZ$2.6 million deficit recorded in the corresponding period of 2022. Though still negative on a Year-To-Date basis, the improvement totals NZ$1.8 million.Significantly, for the narrower timeframe of June to August 2023, we achieved a positive operating cash flow of NZ$400k, compared to a deficit of NZ$1.2m during the same months in the previous fiscal year. This marks a transformative improvement, resulting in a net change of NZ$1.6 million over a 12-month period. This specific achievement demonstrates the effectiveness of the strategic measures implemented during this period.These figures cogently reflect the Company's strategic commitment to bolstering operational efficiencies and fostering sustainable revenue. With this substantial turnaround, we can confidently assert that the Company has crossed a significant milestone, transitioning to a cash flow-positive status—a trajectory we are committed to sustaining and enhancing in future fiscal periods
9SP Price at posting:
0.4¢ Sentiment: Buy Disclosure: Held
