Hydrocarbon Dynamics (AU:HCD) has released an update.
Hydrocarbon Dynamics Limited reported a net cash decrease of $61,000 for the quarter ending September 2024, primarily due to operational expenses outweighing revenues. Despite raising $175,000 from equity securities, the company’s cash position weakened as outflows from operations and financing activities surpassed income. Investors might find this decline concerning as it reflects challenges in managing cash flow effectively.
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