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Marley Spoon Reports Positive Cash Flow of $18.23m for the December 2020 Quarter

22 Feb 2021  |  22:32:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Appendix 4C - Q4 2020 and Business Activity Report

Marley Spoon reported positive cash flow of $18.23m for quarter ended 31 December 2020. Operating cash flow for the period was $(3.59m). Investing cash flow was $(2.51m). Financing cash flow was $24.32m. Cash in hand at the end of the quarter was $34.44m. The Company has reported revenue of EUR68.6m for the fourth quarter in 2020, an increase of 95% vs. PCP, or 103% vs. PCP on a constant currency basis, i.e., excluding the impact of foreign exchange (FX) movements. The growth was driven by all regions with the US leading at 146% growth (at constant FX) compared to PCP.

Consolidated Statement of Cash Flow for the Quarter ended 31 December 2020

Current Quarter EUR'000- 31 December 2020 Year to Date EUR'000-12 Months
Net Operating Cash Flows (3,591) 3,144
Net Investing Cash Flows (2,506) (8,567)
Total Operating and Investing Cash Flows (6,097) (5,423)
Net Financing Cash Flows 24,325 34,965
Net Increase (Decrease) in Cash Held 18,228 29,542
Cash at Beginning of Quarter/Year to Date 16,549 5,433
Cash at End of Quarter 34,440 34,440
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