Vonex Limited (ASX:VN8) Reports Quarterly Cash Flow Results
Operational Highlights
Vonex Limited (ASX:VN8) recorded cash receipts from customers amounting to $12.2 million for the latest quarter. The company’s total receipts for the current financial year to date reached approximately $25 million, reflecting steady demand in its operations.
Cash Flow Management
Net cash utilized in operating activities was reported at $779,000 for the quarter and $1.9 million year-to-date. The company’s cash and cash equivalents at the end of the quarter totalled $2.97 million, consistent with previous reporting periods.
Financial Adjustments
Notably, payments for financing activities amounted to $916,000 during the quarter. The company is effectively navigating its financing responsibilities, with loan facilities available totaling $22.8 million, all of which is currently drawn.
Future Outlook
The operational metrics indicate a stable pathway for Vonex Limited to meet its future activities and financial obligations. The board expresses confidence in sustaining operations and goals without immediate financial constraints.
Motley Fool contributor Abbie Stokes 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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