Somnomed Limited (AU:SOM) has released an update.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
SomnoMed Limited reports a mixed financial quarter with a cash inflow from operating activities totaling $24.3 million, despite facing $892k in net cash outflows after accounting for operating expenses and investments. The company bolstered its financial position through financing activities, bringing in $22.6 million mainly via equity securities, closing the quarter with a net positive cash flow from financing of $9.75 million.
For further insights into AU:SOM stock, check out TipRanks’ Stock Analysis page.