ELMO Software Limited (ASX:ELO) released its Q4 Cash Report. It has achieved annual cash receipts of A$57.5 million through FY2020, up 27.4% on FY2019. In Q4FY2020, cash receipt improved by 26.2% to A$16.8 million as compared to the previous quarter and 8.4% as compared to the previous corresponding period.
By the end of Q4 FY2020 ended 30 June 2020, ELMO’s closing balance was A$139.9 million with zero debt. During the quarter, ELMO successfully raised A$70 million via institutional placement and A$2.8 million via Share Purchase Plan.
ELMO has now been included in S&P/ASX300 Index.
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