InvestSMART

Aeris Environmental Ltd (ASX:AEI)

ALERT: Price-sensitive ASX Announcement for AEI
Current share price for AEI : $0.030 -0.012 (-28.57%)+
Announcement
Release
30 Jul 2025 3:34PM
Price at Release
$0.042
Full Release
download
Summary
Aeris Environmental Ltd (AEI) released its Quarterly Activities and Appendix 4C Cash Flow Report for the quarter ending 31 March 2024. During the period, AEI reported a drop in revenue due to continued impacts from a reduction in government-funded projects post-COVID and customer destocking, with cash receipts from customers of $0.61 million and total cash used in operating activities of $1.70 million, resulting in a net cash outflow of $1.63 million. The company continues to reduce costs, implement operational improvements, and pursue strategic business development opportunities, both in Australia and internationally, particularly in the US market. AEI remains focused on commercialisation efforts for its patented technologies, business development for its SaaS platform, and exploring funding options. The company ended the quarter with $2.74 million in cash, enough to support at least the next two quarters at the current burn rate. No dividends were paid, and related party transactions were limited to director fees and salaries.
Key Points
  • Revenue for the quarter was $0.61 million, affected by a decrease in government-funded work and customer destocking.
  • Total cash used in operating activities was $1.70 million, with a net cash outflow of $1.63 million for the quarter.
  • The company is actively reducing costs and improving operational efficiency.
  • Business development activities are ongoing, especially in the US market and for the SaaS platform.
  • AEI is focusing on commercialising its proprietary technologies and expanding its international presence.
  • Exploration of additional funding sources continues to support ongoing operations.
  • Cash position at quarter-end was $2.74 million, covering more than two quarters at the current expenditure rate.
  • No dividends were paid during the quarter.
  • Payments to related parties were for directors’ and staff salaries.
  • The company remains committed to its strategic transformation and growth initiatives.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.