Netlinkz Ltd (ASX:NET) (‘Netlinkz’ or the ‘Company’), today lodged its Appendix 4C quarterly report of cashflows for the quarter ended 30 June 2019 with the Australian Securities Exchange (ASX).
Netlinkz reported a cash balance of AUD$3.15 million at 30 June 2019. Net operating cashflow for the quarter was (AUD$2.46) million (significantly increased from the previous quarter spend of (AUD$0.38) million). The increased expenditure reflects the ongoing development and enhancement of the Company’s software (Virtual Invisible Network; known as VIN or the Product) to meet the demands of the Chinese market and ensure the implementation of the “China Go To Market“ strategy.
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