LawFinance Limited ( (AU:LAW) ) just unveiled an update.
LawFinance Limited reported on its March 2024 quarter activities, highlighting a significant restructuring of its debt facilities, which included the discharge of the SAF Facility and the sale of a subsidiary. The company is focusing on cost control and exploring pilot programs for Trident while maintaining collections on its receivables. Despite a decrease in cash collections to US$1.2 million and no new originations since September 2022, LawFinance is pursuing discussions with hospitals and medical suppliers in the Southwestern United States and Texas for its Trident Health Group initiative, although progress is slower than anticipated. Operating expenditure increased to US$0.48 million per month, but a decrease is expected in the coming months.
More about LawFinance Limited
LawFinance Limited operates in the financial services industry, focusing on funding and restructuring transactions. The company is involved in managing receivables portfolios, particularly through its subsidiary, National Health Finance, and is exploring growth opportunities with the Trident Health Group initiative.
Technical Sentiment Signal: Buy
Current Market Cap: $201K
Find detailed analytics on LAW stock on TipRanks’ Stock Analysis page.