Australia's Skyfii sees best day in more than 2 months on quarterly results

Beonic

30/01/2023 02:29

** Shares of Skyfii Ltd  SKF.AX  rise as much as 13.3% to
A$0.068 - set for best day since Nov 16, if gains hold 
    ** Software technology co records recurring revenue of A$4.0
mln ($2.85 mln) for Q2 FY23, up 10% compared with prior
corresponding period
    ** Records quarterly cash receipts from customers of A$9.5
mln, up 38% 
    ** Says positive cash flow delivered for 1H FY23
    ** Co expects to deliver positive EBITDA in 2H FY23 
    ** Shares hit their highest since Nov 17 
    ** About 793,700 shares change hands, compared with the
30-day average trading volume of 155,900 shares  
    ** Shares of co up 22.5% YTD, as of last close 
($1 = 1.4055 Australian dollars)
 (Reporting by John Biju in Bengaluru)
 ((John.Biju@thomsonreuters.com;))