BlueBet Holdings Navigates Cash Flow Challenges

BlueBet Holdings Ltd. (AU:BBT) has released an update.

BlueBet Holdings Limited reports a challenging quarter, with net cash used in operating activities totaling $1,514.9 thousand for the quarter and $10,949.8 thousand year to date, impacted by significant payments to customers. The company saw cash outflows from investment in intellectual property and other assets, alongside raising $20,000 thousand from issuing equity securities, net of transaction costs. Despite the cash outflow in operations and investments, the equity raise suggests a strategic move to strengthen the company’s financial position.

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