Althea revenue increases 39% in March quarter amid record sales

Investment Highlights:

  • Althea achieved unaudited revenue of $1,524,359 for the quarter ended 31 March 2020, up 39% from the December quarter
  • Cash receipts from customers totalled $1,487,679 for the quarter
  • Unaudited revenue for March was $606,351 up approx. 30% from February and the best month on record
  • Cash outflow for the March quarter was approx. $1.4M less than forecasted
  • Althea is fully funded and ended March 2020 with approx. $15.07M of cash on hand

To read the full ASX announcement click here