Crowd Media: Achieves positive financial year cash flow

Crowd Media Achieves positive financial year cash flow

• Crowd Media (CM8) achieves positive operating cash flow for the financial year, though its cashflow fell slightly over the June quarter
• Over the 2022 financial year, CM8 posted positive operating cashflow of $20,000 — an upgrade from the cash outflows of $970,000 recorded in the previous year
• However, performance during the June quarter slipped, with $4000 in cash outflows recorded, down from the positive cash flow of $19,000 recorded in the March quarter
• CrowdMedia finishes the period with $2.23 million in cash and cash equivalents at the end of June
• Shares are trading down 7.41 per cent at 2.5 cents each at 11:43 am AEST