EP&T Global Ltd. (AU:EPX) has released an update.
EP&T Global Ltd. has reported a significant year-to-date increase in cash receipts of 41% and an operating cash flow improvement of $2.9m compared to the previous year, despite a temporary setback in the March quarter due to delayed collections in the Middle East and some non-recurring expenses. The company has maintained a positive operating cash flow and completed a successful capital raising effort, netting $2.5m, which will be used for revenue growth investments. EP&T’s commitment to cost management and growth in annual recurring revenue (ARR) promises continued financial improvement.
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