Titomic Ltd (AU:TTT) has released an update.
Titomic Limited reported a challenging quarter, with a net cash outflow from operating activities amounting to $2,693,000 for the quarter and a year-to-date deficit of $6,895,000. However, the company managed a positive net cash flow from financing activities, receiving $4,320,000 this quarter, which contributed to a net increase in cash and cash equivalents, closing the quarter at $2,729,000. Despite the operating costs, Titomic remains resilient with its financing strategies keeping the cash flow positive.
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