Investor News

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

User Rating: 0 / 5

Star InactiveStar InactiveStar InactiveStar InactiveStar Inactive

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.


  • 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.