Pentanet Ltd (AU:5GG) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Pentanet Ltd has reported a net decrease in cash from operating activities, amounting to $734,000 for the current quarter and $634,000 year to date, while cash flows from investing activities also saw a decrease, primarily due to a significant payment for 5G Spectrum licensing. However, the company experienced a net increase in cash and equivalents overall, totaling $9,503,000 for the period, bolstered by proceeds from equity issues and borrowings under its financing activities.
For further insights into AU:5GG stock, check out TipRanks’ Stock Analysis page.