1st Group Ltd. (AU:VFX) has released an update.
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Visionflex Group Limited reported a net increase in cash and cash equivalents of $920,000 for the current quarter, with a year-to-date increase of $1,443,000. Operating activities resulted in a cash outflow, but this was offset by cash inflows from financing activities and a modest positive impact from investing activities. The company’s cash position benefited from receipts from customers totaling $9.8 million year-to-date, despite costs for research, development, and operations.
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