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ComOps releases Appendix 4C Cash Flow Report for the Period Ended 31 March 2016 (Q1 2016)

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29 April 2016

ComOps Limited (“ComOps”) is pleased to release its Appendix 4C Quarterly Cash Flow Report for Q1 of the 2016 Financial Year as required by LR 4.7B.

Highlights

  • Business continues to build positive momentum
  • Q1 Trading above budget, with new sales to deliver software license revenue > FY15
  • Cash flow as per budget, reflecting cyclical quarterly lows in S&M revenue, increased investment in building capability and fast tracking of new product development (upgraded Ports WFM)
  • Strong cash balances maintained at over $1.6 million
  • Forecasting positive operating cash flow and significant revenue growth for FY16
  • Key personnel appointments enhance capability and strengthen management team
  • New independent non-executive director, Matthew Michalewicz, appointed

Click here to view the Appendix 4C quarterly report.