EchoIQ Limited (AU:EIQ) has released an update.
EchoIQ Limited’s latest quarterly cash flow report reveals a challenging operating environment, with the company facing a net cash usage in operating activities of $117,000 for the quarter and $2.24 million year-to-date. Despite these operational expenditures, EchoIQ experienced a net increase in cash and cash equivalents, totaling $1.767 million for the quarter, largely bolstered by government grants, tax incentives, and proceeds from the exercise of options. The firm’s financial activities seem to be strategically aligned to maintain liquidity and support ongoing activities.
For further insights into AU:EIQ stock, check out TipRanks’ Stock Analysis page.
