Redflow Limited
(ASX:RFX) expects that it will continue to have negative operating cash flows for the time being.
The storage battery manufacturing company, says that estimated cash outflows for the current quarter of $5.7 million, included a one off non-recurring cost to its manufacturing transition to South East Asia.
Earlier this year, Redflow raised $14.5 million which was raised via professional investors and the conversion of debt to equity.
Moving forward, company expects to generate additional cash from its ZBM2 batteries sales of $600, 000 US.
Shares in Redflow Limited
(ASX:RFX) are trading 2.11 per cent lower at $0.09.
