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SportsHero Ltd Reports Quarterly Cash Flow with Positive Net Cash Increase

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SportsHero Ltd Reports Quarterly Cash Flow with Positive Net Cash Increase

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SportsHero Limited ( (AU:SHO) ) has shared an announcement.

SportsHero Ltd reported its quarterly cash flow, revealing a net cash outflow from operating activities of $390,000, primarily due to staff and administrative costs. Despite this, the company managed a net increase in cash and cash equivalents of $150,000 for the period, supported by financing activities that included proceeds from borrowings.

More about SportsHero Limited

SportsHero Ltd operates in the sports and entertainment industry, focusing on providing digital platforms and services that engage sports fans and enhance their experience. The company primarily offers interactive sports prediction games and fan engagement solutions, targeting a global market of sports enthusiasts.

YTD Price Performance: 64.71%

Average Trading Volume: 244,219

Technical Sentiment Signal: Hold

Current Market Cap: A$20.48M

Learn more about SHO stock on TipRanks’ Stock Analysis page.

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