K-TIG Ltd (AU:KTG) has released an update.
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K-TIG Limited reported a successful September 2024 quarter with $425k in cash receipts from Europe and the USA, and plans to deliver several turnkey welding systems in the US by the end of the year. The company also raised $500k through a convertible note to bolster working capital and explore acquisition opportunities. Despite a decrease in net cash used in operating activities, the company’s cash balance stood at $0.183m at the quarter’s end.
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