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Oakridge International Limited (ASX:OAK)

ALERT: Price-sensitive ASX Announcement for OAK
Current share price for OAK : $0.071 0.004 (5.97%)+
Announcement
Release
31 Jul 2025 3:28PM
Price at Release
$0.067
Full Release
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Summary
Oakridge International Limited (OAK) released its Quarterly Activities and Appendix 4C Cash Flow Report for the quarter ended 31 March 2024, noting that it remains focused on research and development and commercialisation activities within the battery technology sector. No material revenue was generated during the quarter, and operational cash outflows were attributed mostly to R&D and administrative costs. The company continues to engage with potential partners to advance its proprietary technologies and reports a stable cash position, with commentary on ongoing funding requirements and compliance with ASX regulations.
Key Points
  • Oakridge International Limited (OAK) provides its Appendix 4C Quarterly Cash Flow Report and accompanying activity update for the quarter ended 31 March 2024.
  • The company continued its operations in the battery technology sector, focusing on the development, commercialisation, and advancement of its proprietary battery-related technologies.
  • No substantive revenue was recorded during the quarter; the company's activities were primarily focused on research and development and progressing strategic partnerships.
  • OAK reported operational cash outflows primarily related to staff costs, research and development, corporate and administrative costs, and payments for intellectual property protection.
  • The company noted ongoing engagement with potential partners and customers as part of its commercialisation strategy.
  • No cash receipts from customers were recorded in the reporting period.
  • Net cash used in operating activities was stated, with no significant investing or financing activities apart from routine corporate expenditures.
  • OAK reported a closing cash balance at the end of the quarter, with commentary regarding its cash runway and plans for future funding if required.
  • There were no payments to related parties or their associates beyond standard remuneration.
  • The report includes a compliance statement in accordance with the ASX Listing Rules.
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.