Kaddy Limited's Quarterly Cash Flow Report Overview

Kaddy Limited (ASX: $KDY) has released its quarterly cash flow report for the quarter ended 31 March 2023. The report highlights the company's financing facilities, steps taken to reduce net operating cash outflows, and plans to raise further cash to fund its operations.

Executive Commentary on Cash Flow Report

The company has executed changes that have reduced net operating cash outflows by $1.0m per month and will further reduce outflow in Q4. Kaddy Limited is holding discussions with a range of investors and funders and will provide updates to shareholders as appropriate. During Q3, Lecca has remitted $0.6m. Given the actions taken to reduce operating cash outflows and the additional funding, the company expects to be able to continue its operations and to meet its business objectives.

Summary of Quarterly Cash Flow Report and Outlook

Kaddy Limited's quarterly cash flow report reflects the company's efforts to reduce net operating cash outflows and seek additional funding to support its operations. The company has successfully executed changes to reduce cash outflows and is in discussions with investors and funders to raise further cash. The report indicates a positive outlook as the company expects to reach a net cash inflow during Q4, demonstrating its ability to continue operations and meet business objectives. Kaddy Limited remains focused on managing its cash position effectively and ensuring the sustainability of its business operations.