Brief: Skyfii Posts Total Operating Revenues For Q1 Of A$5.4Mln

Beonic

31/10/2022 24:05

Oct 31 (Reuters) - Skyfii Ltd  SKF.AX :
    * TOTAL OPERATING REVENUES FOR Q1 A$5.4MLN, UP 7% ON PCP
    * MAINTAINS ITS GUIDANCE & IS CONFIDENT IT WILL DELIVER
>A$20M IN
ARR & SUSTAINABLE CASH FLOW BREAKEVEN IN 2H FY23
    *  SEES HIGH CONVICTION IN QUALITY OF NEAR TERM PIPELINE TO
DELIVER STRONGER Q2, PROVIDE MOMENTUM FOR GROWTH OVER REMAINDER
OF FY23
    * SEES COSTS RATIONALISATION AND EFFICIENCY INITIATIVES WILL
CONTINUE IN Q2
    * SEES OPERATING CASH FLOW IS EXPECTED TO IMPROVE
SIGNIFICANTLY
DURING FY23
    * SEES RECONFIRMS EXPECTATIONS TO ACHIEVE A SUSTAINABLE CASH
FLOW
BREAKEVEN POSITION DURING 2H FY23

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