Quarterly Activities/Appendix 4C Cash Flow Report
| Stock | Enlitic Inc (ENL.ASX) |
|---|---|
| Release Time | 30 Apr 2025, 4:13 p.m. |
| Price Sensitive | Yes |
Enlitic Reports Q1 CY25 Results, Reaffirms Cashflow Break-even Target
- Unaudited total revenue of US$0.77m, up 5.8% on Q4 CY24
- Enlitic named as a foundational collaborator for GE HealthCare's Genesis Cloud Product Suite
- Enlitic's open opportunity pipeline has grown more than US$60m since its 2024 acquisition of Laitek
Enlitic Inc, a software development company using artificial intelligence to manage medical imaging data, has reported its Quarterly Activity Report and Appendix 4C for the three-month period ended 31 March 2025 (Q1 CY25). The company's unaudited revenue increased to US$0.77m, up 5.8% on the previous quarter (Q4 CY24). Enlitic was named a foundational collaborator in GE HealthCare's new Genesis Cloud Product Suite, with its AI-enabled migration services announced as a key feature. The company's open pipeline opportunity at 31 March 2025 was US$133.4m, up from US$93.3m at the end of 2024, following the successful integration of its acquisition of Laitek in 2024. Enlitic has made significant progress in delivering the expected integration synergies, with US$2m of annualised cost synergies realised to date, and an additional US$1m expected over the remainder of CY2025. The company's cash balance at 31 March 2025 was US$2.78m, with cash outflows in Q1 CY25 including final one-off integration and acquisition costs. Enlitic reaffirms its expectations to reach operational cashflow break-even by the end of CY2025.
Enlitic reaffirms its expectations to reach operational cashflow break-even by the end of CY2025.
Enlitic is actively considering possible options to fund its operations and support its progress to expected operational cashflow break-even by end of CY2025. The company will update the market in due course.