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Constellation Technologies Limited (ASX:CT1)

ALERT: Price-sensitive ASX Announcement for CT1
Current share price for CT1 : $0.003 0.001 (25%)+
Announcement
Release
31 Jul 2025 1:15PM
Price at Release
$0.002
Full Release
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Summary
Constellation Technologies Limited (CT1) released its Appendix 4C and quarterly activities report for the period ending 31 December 2023. The company highlighted its ongoing strategic focus on revenue growth within the IoT sector, the securing of new contracts, and expansion of its customer base both domestically and internationally. CT1 reported customer cash receipts of $486,000 and a net operating cash outflow of $145,000, with a closing cash balance of $541,000. The quarter saw continued investment in product development and business growth, with no significant financing or investing activities. The company reaffirmed its commitment to disciplined cost control, expanded product offerings, and growth opportunities in the IoT market.
Key Points
  • Constellation Technologies Limited provided its Appendix 4C cash flow report and quarterly activities update for the quarter ending 31 December 2023.
  • The company continued to implement its strategic plan and focused on revenue growth through sales in the IoT (Internet of Things) sector.
  • During the quarter, CT1 secured new contracts and expanded its customer base both in Australia and internationally.
  • Quarterly cash receipts from customers were $486,000, showing variable inflows compared to previous periods.
  • Net cash used in operating activities was $145,000, reflecting ongoing investments in product development and business growth.
  • Cash and cash equivalents at quarter end were $541,000.
  • No significant investing or financing cash flows were reported during the quarter.
  • CT1 remains focused on cost discipline and efficient cash management.
  • The company outlined its commitment to expanding its IoT product offerings and pursuing additional commercial opportunities.
  • Payments to related parties and their associates in the quarter totaled $71,000, primarily for director fees and salaries.
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.