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The latest announcement is out from IODM Ltd. ( (AU:IOD) ).
IODM Ltd. reported a cash flow decline in the December 2024 quarter, with a net cash outflow from operating activities of $441,000, primarily due to high staff and administrative costs. Despite the negative cash flow from operations, the company maintained a positive cash position, closing the quarter with a net increase in cash and cash equivalents, which suggests effective cash management strategies amidst challenging conditions.
More about IODM Ltd.
IODM Ltd. operates in the financial technology industry, offering innovative solutions primarily focused on streamlining cash flow management for businesses. The company targets a wide range of enterprises by providing tools that enhance financial efficiency and operational productivity.
YTD Price Performance: -12.50%
Average Trading Volume: 132,658
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$85.88M
See more insights into IOD stock on TipRanks’ Stock Analysis page.
