Brief: Tyro Payments Says Now On A Path To Profitability And Positive Free Cash Flow In Near Term
24/11/2022 24:21
Nov 24 (Reuters) - Tyro Payments Ltd TYR.AX :
* TYRO NOW ON A PATH TO PROFITABILITY AND POSITIVE FREE CASH
FLOW
IN NEAR TERM
* AIMING TO EXIT FY23 IN POSITIVE FREE CASH FLOW
* BOARD WILL CONSIDER ANY CREDIBLE CHANGE OF CONTROL
PROPOSAL
* CREDIBLE CHANGE OF CONTROL PROPOSAL WILL ONLY BE RECOMMEND
IF WE
BELIEVE IT REPRESENTS COMPELLING VALUE FOR ALL SHAREHOLDERS
* YTD FY23 EBITDA A$10.4 MILLION
* NEXT 12-MONTHS LOOKS LIKE IT WILL CONTINUE TO BE A
CHALLENGING
ECONOMIC PERIOD WITH HIGH ENERGY PRICES, AMONG OTHERS
Source text for Eikon: ID:nASX5xgyVr
Further company coverage: TYR.AX
((Reuters.Briefs@thomsonreuters.com;))
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