DomaCom Ltd. (AU:DCL) has released an update.
DomaCom Limited reported a net decrease in cash from operating activities, totaling $726,000 for the quarter and $1,977,000 year-to-date, with significant outflows for staff and administrative costs. Despite this, the company saw a net increase in cash and cash equivalents of $538,000 for the quarter, bolstered by $1,400,000 from equity securities issues and $1,500,000 from borrowings. The overall financial position improved slightly with a year-to-date net cash increase of $486,000.
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