Enlitic Inc (ASX:ENL)

ALERT: Price-sensitive ASX Announcement for ENL

Current share price for ENL : $0.035 0.029 (483.33%)⁺

Announcement

Quarterly Activities/Appendix 4C Cash Flow Report

Release

31 Jul 2026 8:34AM

Price at Release

$0.006

Full Release

Summary

Enlitic Inc. reported a reduction in net operating cash outflow by 76% from the previous quarter to US$0.7m for Q2 FY26, with cash receipts rising to US$2.3m due to contract collections. Operating expenditures decreased to US$3.0m amidst ongoing cost discipline, and the company signed 17 new client agreements with a total value of US$1.0m. Enlitic saw significant strides in its Ensight platform adoption, including a launch at New Zealand's largest private radiology provider and a subscription agreement with Australia's Lumus Imaging. The company secured commitments for a ~A$15m conditional placement to provide a pro forma cash balance of ~A$18m and expects this funding to bridge operations to cashflow break-even. Additionally, convertible note conversions and shareholder approvals for financial transactions are set to simplify capital structure and eliminate debt.

Key Points

Enlitic reduced net cash outflow by 76% in Q2 FY26.
Cash receipts increased to US$2.3m due to contract collections.
Total operating expenditure decreased to US$3.0m.
17 new client agreements signed valued at US$1.0m.
Ensight platform adopted by RHCNZ, New Zealand's largest radiology group.
A three-year subscription deal signed with Lumus Imaging in Australia.
Conditional placement commitments of ~A$15m received.
Expected pro forma cash balance of ~A$18m post-placement.
Convertible note conversions aimed at simplifying capital structure.

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.