Novatti’s Accounting Adjustments Aim for Positive Cash Flow Target.

TLDR:

• Novatti Group Ltd. releases an update on accounting adjustments.
• Operations remain unchanged, aiming for a positive operating cash flow by H1 FY25.

Novatti Group Ltd., an innovative fintech company, recently updated its June Quarter FY24 financial report, reflecting changes in accounting classifications. These adjustments include a $1.1 million increase in net operating cash flow and reclassifications within their Payments International division, with no net impact on margins or EBITDA. Despite these accounting modifications, Novatti’s operational goals remain unchanged, as they strive for a positive operating cash flow by H1 FY25.

This update provides investors with insights into Novatti’s financial health and strategic goals. By adjusting accounting classifications, the company aims to present a clearer picture of its financial performance and prospects for future growth. The focus on achieving a positive operating cash flow demonstrates Novatti’s commitment to long-term sustainability and success in the fintech industry.