Quarterly cash flow report highlights

Saferoads Holdings (ASX:SRH) has released its quarterly cash flow report for the period ending 30 September 2024. The report details the company's cash flow from various activities, showcasing its financial position and operational expenses.

Saferoads Holdings' financial outlook

Saferoads Holdings' latest cash flow report reveals a solid financial performance for the quarter ending September 2024. With receipts from customers totaling $3.393 million and a net cash generation of $815,000 from operating activities, the company demonstrates effective cash management. The company incurred a net cash outflow of $136,000 in investing activities and $621,000 in financing activities. Despite starting and ending the quarter with a cash overdraft, the company maintains access to substantial unused finance facilities. As part of its financial strategy, the company does not foresee significant changes to its operating cash flows or the need for additional cash raises, indicating a stable outlook moving forward.

Executive commentary on financial performance

The report highlights our continued ability to generate positive cash flow from operations. Our strategic focus remains on maintaining financial stability and meeting business objectives without significant changes to cash flow operations or additional cash raises at this time.