Uscom Limited (AU:UCM) has released an update.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Uscom Limited reported a 14% increase in cash on hand to $1.39 million compared to the prior corresponding period, despite a decrease in customer receipts. The company experienced a rise in operating cash outflow due to increased spending aimed at expanding distribution and boosting sales in the second half of the year. Uscom remains optimistic about future growth, supported by healthy regional distributor forecasts.
For further insights into AU:UCM stock, check out TipRanks’ Stock Analysis page.