RocketBoots Sees Upbeat Cash Flow Prospects
RocketBoots Ltd. (AU:ROC) has released an update.
RocketBoots Limited has reported a positive cash flow outlook, anticipating increased operating cash flows from various sources such as invoiced trial work, customer renewals, new contracts, and government grants. With approximately $775,000 in cash and an estimated 1.87 quarters of funding when factoring in expected payments, the company sees no immediate need for capital raising. RocketBoots remains dedicated to converting ongoing trials into contracts, bolstering its financial position without diluting shareholder value.
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