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Papyrus Australia Navigates $284k Cash Outflow Amid Strategic Funding Moves
11:32am on Friday 31st of January, 2025 AEDT
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Manufacturing
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Papyrus Australia Navigates $284k Cash Outflow Amid Strategic Funding Moves
11:32am on Friday 31st of January, 2025 AEDT
Key Points
Net operating cash outflow of $284,000 for the quarter
Cash and cash equivalents at $265,000 with $250,000 in unused financing facilities
Abnormal expenses include $345,000 in R&D payments and $50,000 in legal fees
Company expects positive operating cash flow excluding one-off costs
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Papyrus Australia (ASX:PPY)
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