WolfStrike Rentals Group Limited
(ASX:WSG) has announced its larger customer base is seasonally slowing down, while its contracts and cash flow increased in the first quarter of 2017, compared to the prior corresponding period.
The technology rentals company says its overall cash flow is a net deficiency of $323,000, on the back of increases in new loans made to customers and an increase in the company’s rent book.
WolfStrike says its monthly rental rates are on the up, while its staff costs, advertising and marketing costs are slightly decreasing.
Its future contract cash flows have increased to $11.9 million in the first quarter of 2017.
Shares in WolfStrike Rentals Group Limited
(ASX:WSG) are currently in suspension pending an acquisition. It last traded at 0.7 cents.
