Papyrus Australia Ltd (ASX:PPY) Monthly Cash Flow Report
Operating Cash Flow Highlights
Papyrus Australia Ltd (ASX:PPY) reported a net cash inflow from operating activities of $238,000 for October 2024. The year-to-date cash flow for the quarter stands at $61,000, indicating a solid operational performance amid ongoing product development initiatives.
Investing and Financing Activities
The company’s investing activities recorded a cash outflow of $10,000, primarily for intellectual property. In financing, Papyrus reported a cash outflow of $264,000, attributed to repayments of borrowings. No drawdowns from existing loan facilities were recorded during this period.
Future Financial Position
Papyrus Australia ended October 2024 with $311,000 in cash and cash equivalents. Combined with $250,000 available through unused financing facilities, the total funding available amounts to $651,000, supporting operational activities moving forward.
Executive Comments
The company’s board expressed confidence in maintaining operational momentum, stating, “Our cash flow performance underscores the strength of our ongoing projects and commitment to sustainable growth,” highlighting their strategy aligning with R&D activities and market expansions.
Motley Fool contributor Lianne Eastty has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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