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Betmakers Technology Group Reports Negative Cash Flow of $12.19m for the September 2021 Quarter

10 Jan 2022  |  15:12:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Quarterly Activities Report and Appendix 4C

Betmakers Technology Group reported negative cash flow of $12.19m for quarter ended 30 September 2021. Operating cash flow for the period was $(1.49m). Investing cash flow was $(11m). Financing cash flow was $303,000. Cash in hand at the end of the quarter was $108.79m. During the quarter, the Company announced the completion of the Sportech asset acquisition on the 18 June 2021 (Q1 FY22 reflected a full quarter of ownership).

Consolidated Statement of Cash Flow for the Quarter ended 30 September 2021

Current Quarter $A'000- 30 September 2021 Year to Date $A'000-3 Months
Net Operating Cash Flows (1,494) (1,494)
Net Investing Cash Flows (11,000) (11,000)
Total Operating and Investing Cash Flows (12,494) (12,494)
Net Financing Cash Flows 303 303
Net Increase (Decrease) in Cash Held (12,191) (12,191)
Cash at Beginning of Quarter/Year to Date 120,611 120,611
Cash at End of Quarter 108,786 108,786
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