Quarterly Activities/Appendix 4C Cash Flow Report

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Stock Skin Elements Ltd (SKN.ASX)
Release Time 31 Jan 2025, 6:20 p.m.
Price Sensitive Yes
 Skin Elements Reports Quarterly Activities and Cash Flow
Key Points
  • ECO-Nurture sustainable plant bio stimulant continues spray programs in New Zealand
  • SuprCuvr disinfectant formula evaluated as 3-in-1 cleaner in public health and transport sectors
  • Soléo Organics and white label sunscreen distribution opportunity advanced in retail pharmacy
Full Summary

Skin Elements Limited (ASX: SKN), an Australian natural biotechnology company, has reported its Quarterly Activities and Appendix 4C Cash Flow Report for the period ending 31 December 2024. The key highlights include:- ECO-Nurture, a sustainable plant bio stimulant, continued spray programs on kiwi fruit orchards in New Zealand. Skin Elements is seeking to have ECO-Nurture adopted across the kiwifruit industry.- The SuprCuvr disinfectant formula, a TGA-registered hospital-grade product, continued evaluation as a 3-in-1 cleaner and disinfectant in public health and transport sectors, particularly in Melbourne schools and train stations.- Negotiations progressed for the distribution of the Soléo Organics natural and organic sunscreen formulation under white label with a leading UK health retail group. Independent laboratory testing is underway to confirm performance specifications.- The company received a R&D Rebate advance of $182k during the quarter, resulting from eligible R&D expenditure for FY2025.- Skin Elements announced a 1-for-5 non-renounceable rights issue to raise $513k in additional cash.The company's three-phase approach to research and development, from pure R&D to commercial scale production and sales, continues to be reflected in its operating cash flows for the quarter.

Guidance

The company did not provide any high-importance, price-sensitive forward-looking financial metrics in the announcement.

Outlook

The company did not provide any forward-looking outlook statements in the announcement.