DomaCom Ltd. (AU:DCL) has released an update.
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DomaCom Limited has reported a decrease in net cash from operating activities to $(810,000) this quarter, with a total year-to-date shortfall of $(2,787,000) due to costs exceeding customer receipts. However, financing activities have offset this with a positive cash flow of $840,000 this quarter, primarily through equity issues and borrowings, resulting in a modest net increase in cash and cash equivalents of $80,000 for the period. The company’s cash position at the end of the quarter stands at $486,000 after accounting for all operating, investing, and financing activities.
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