IKE Group Limited (IKE) (NZX: IKE / ASX: IKE) has reported positive cash flow of $2.2m in Q2 FY23, and $1.1m positive cash flow in 1H FY23.
Revenue for 1H FY23 was ~$15.4m (+170% vs pcp), with gross margin of ~53%.
CEO Glenn Milnes commented that operating leverage is in place, and revenue outlook remains robust.
IKE has no debt, and cash and receivables as at 30 September 2022 grew to ~$29.3m.
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