This following post is what I refer to - VERY positive IMO
Arasor Internat ional Limited (ARR ASX) today ( that was a few weeks ago LOL) lodged i ts Appendix 4C Cash Flow
Statement for the quar ter and ful l year ended 31s t December 2007.
The company has been t racking successful ly toward its key mi lestones in growing the
business rapidly including:
- high top l ine revenue growth
- becoming cashf low posi t ive by Q1, 2008
- becoming self -sustaining via debt f inancing solut ions
The company signi f icant ly increased its receipts f rom customers, f rom $7.7 mil l ion in
the pr ior quar ter to $15.3 mi l l ion in the cur rent quar ter , and signif icant ly nar rowed net
operat ing cash out f lows f rom $20 mi l l ion in the pr ior quar ter to less than $1.0 M in the
4t h quar ter , and remains on t rack to be operat ional ly cash f low posi t ive in Q1 2008.
As disclosed to the ASX on 15 October 2007, the company issued 10,104,153 shares
in connect ion wi th the acquisit ion of Ver r i l lon Holdings Pty Ltd, the holding company
for AOFR. This resul ted in an increase in share capi tal of $19,884,000, and increases
of : $1,964,000 in capital equipment , $2,040,000 in cash, $0.5 mi l l ion in net cur rent
assets, and $18,270,000 of intangibles.
As announced to the market on 9 January, 2008, the company completed its
acquisi t ion of the assets of Novalux Inc in order to leverage the USD$300M joint
venture wi th ZTE Internat ional in China.
At the end of December 2007, the Company’s cash balance stood at $7.5 mi l l ion.
The company intends to release its FY 2007 f inancials the week commencing February
18t h, 2008 and wi l l provide an update at that t ime.
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