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+Plus Cash flow positive coming up for March Quarter
Appendix 4C Quarterly statement of cash flows The ASX Appendix 4C quarterly statement is attached to this report. The cash balance at 31 December 2018 was $3.0 million with net operating cash outflows of $809k for the quarter, including inflows of $0.2m from sales receipts. Knosys had estimated that it would receive a further $1m in debtor receipts in the December 2018 quarter, however payment of such was received in early/mid January 2019.
Although the timing of these large receipts was not as forecast, it was pleasing to receive these significant customer payments. Gross operating cash outflows included an increased sales and marketing spend and capex for new premises. As required in Section 9 of the Appendix 4C, gross operating outflows for the March 2019 Quarter are estimated at $990k of operating cash outflows, and $100k of capital expenditure related to the office relocation and fitout.
The Appendix 4C does not allow for estimates of operating cash inflows, however the company estimates that the gross operating cash outflows will be offset by operating cash inflows in the March 2019 quarter, with over $1.0m having been received at the date of this report.
