UUV Aquabotix Ltd (ASX: UUV) reported total customer cash inflows of A$156,676 during the December 2019 quarter ended 31 December 2019, the highest cash inflow post its strategic restructuring in 2018.
However, the net cash used in operations by the company decrease significantly by 35% from A$504,754 during the September 2019 quarter to A$319,283 during the December 2019 quarter.
The company has noted a continuous fall in its net cash outflows since restructuring in 2018. Prior to the strategic shift, the company’s net cash used in operation was 460% above than reported for this quarter.
The company’s order book has grown significantly during FY2019.
By the end of the trading session on 17 January 2020, UUV stood at $0.003, down 40% from its previous close.
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