Bigtincan strengthened its cash position closing the quarter at...

Bigtincan strengthened its cash position closing the quarter at $11.7 million.
The company generated customer receipts of $4.8 million for the quarter, an increase of 46% on the March 2017 quarter ($3.3 million). This contributed to an increase of $0.2 million net cash and cash equivalents from $11.5 million at 31 December 2017 to $11.7 million at 31 March 2018.
Operating cash flows were positive for the quarter at $0.2 million as Bigtincan further increased its market penetration and customer base. The cash position reflected the on track business plan execution across the business operations and continued revenue growth with some multi-year contract advanced payments from global customers.