Spectur Limited quarterly financial review

Spectur Limited (ASX:SP3) has released its quarterly cash flow report for the period ending 30 September 2024. The company reported a net cash outflow of $253,000 from operating activities, with customer receipts totaling $2,602,000. Cash and cash equivalents increased to $1,023,000 by the end of the quarter.

Financial activities and future outlook

Spectur Limited's quarterly cash flow report highlights key financial activities, including a net cash outflow from operating activities of $253,000 due to product manufacturing and staff costs. Investment in property, plant, and equipment resulted in cash used of $139,000. The company successfully generated net cash inflows of $650,000 through financing activities, driven by equity securities issuance and borrowings. This led to an increase in cash and cash equivalents to $1,023,000 by the quarter's end. Spectur's secured loan arrangements and future funding availability of approximately 4.04 quarters indicate a strategic approach to maintaining liquidity and supporting growth ambitions.

Executive insights on financial performance

The quarterly report demonstrates Spectur's continued focus on managing our financial position while investing in key areas to support future growth. The successful issuance of equity securities and borrowings has bolstered our cash reserves, providing us with a strong foundation for the upcoming quarters.