News and Announcements
Aeeris Quarterly Report for Q1 Ended 30 September 2016
- Published November 03, 2016 3:47PM UTC
- Publisher Wholesale Investor
- Categories Company Updates
31st October 2016, ASX Announcement
Financial Highlights
- Total cash receipts of $270,205
- Receipt of $589,057 cash R&D Tax Rebate since the end of the Reporting Quarter, received on 14 October 2016
- Cash position at date of this Announcement of $1.519 million (unaudited)
- Net decrease in cash held during the Reporting Quarter of $625,170, compared with $429,971 in the previous quarter
- Cash position at end of quarter (30 th September 2016) of $1.11 million (unaudited)
Business Highlights
- Much activity during the reported Quarter was focused on technology R&D and software development attached to some major new business opportunities. Delays in this production process stalled new revenues from other sources. This factor, combined with the decision not to renew the Brisbane City Council service, has impacted revenues for the Quarter.
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