Key points
- Net cash used in operating activities of $1.34 million in Q3 FY25
- Cash and cash equivalents of $1.08 million at quarter end
- $2.04 million in unused financing facilities available
Full summary
Visionflex Group Ltd has released its Q3 FY25 Appendix 4C, reporting a net cash outflow from operating activities of $1.34 million for the quarter. The company ended the quarter with $1.08 million in cash and cash equivalents. Visionflex has access to $4 million in total financing facilities, of which $2.04 million remains unused as of the end of the quarter. The key terms of the company's convertible note facilities with cornerstone shareholder John Plummer and Adcock Private Equity have been varied, with the facility limits reduced and the availability periods extended. The facilities now have an interest rate of the RBA cash rate plus 7.5% per annum, payable quarterly in arrears, and include provisions for potential interest rate reductions subject to the company delivering three consecutive cash flow positive quarters.