Develop Global Limited Sees Mixed Cash Flow Dynamics
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 27 2024
0mins
Source: Business Insider
Financial Performance: Develop Global Limited reported a positive cash flow of $2.36 million from operating activities for the quarter ending September 2024, driven by strong customer receipts.
Investment and Financing Activities: The company experienced a significant cash outflow of $17.21 million in investing activities but offset this with a net inflow of $4 million from financing activities, primarily through equity securities.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
