SomnoMed Limited (ASX:SOM) Reports Strong Quarterly Cash Flow
Strong Operating Performance
SomnoMed Limited (ASX:SOM) recorded a net cash inflow of $1.525 million from operating activities in the current quarter, contributing to a year-to-date total of $2.646 million. The total receipts from customers for the quarter amounted to $26.562 million, reinforcing the company’s revenue generation capabilities.
Investment Activities
The company experienced cash outflows of $661,000 from investing activities during the quarter. This includes payments for property, plant, and equipment and intellectual property. Year-to-date cash outflows for investing activities total $1.383 million.
Financing Activities Overview
In financing activities, SomnoMed recorded a net cash outflow of $26,000. The company’s financing obligations remain well-managed, with an available loan facility of $1.005 million fully drawn at the quarter’s end.
Cash Position and Future Outlook
At the end of the quarter, cash and cash equivalents stood at $18.498 million. The company continues to maintain a healthy cash position, ensuring sufficient funding for future operational activities. Furthermore, the favourable cash flow supports ongoing efforts to enhance product offerings and expand market presence.
Executive Comment
Terry Flitcroft, Company Secretary, stated, “Our operational achievements during the quarter highlight the company’s commitment to growth and innovation in the sleep-assisted healthcare market.”
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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