Novatti Reports Accounting Adjustments, Targets Positive Cash Flow
Company Announcements

Novatti Reports Accounting Adjustments, Targets Positive Cash Flow

Novatti Group Ltd. (AU:NOV) has released an update.

Novatti Group Ltd., an innovative fintech company, recently updated its June Quarter FY24 financial report, reflecting changes in accounting classifications. These adjustments include a $1.1 million increase in net operating cash flow and reclassifications within their Payments International division, with no net impact on margins or EBITDA. Despite these accounting modifications, Novatti’s operational goals remain unchanged, as they strive for a positive operating cash flow by H1 FY25.

For further insights into AU:NOV stock, check out TipRanks’ Stock Analysis page.

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