SomnoMed Limited Navigates Financial Quarter

Somnomed Limited (AU:SOM) has released an update.

SomnoMed Limited reports a mixed financial quarter with a cash inflow from operating activities totaling $24.3 million, despite facing $892k in net cash outflows after accounting for operating expenses and investments. The company bolstered its financial position through financing activities, bringing in $22.6 million mainly via equity securities, closing the quarter with a net positive cash flow from financing of $9.75 million.

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