NET Power Q2 Cash Flow Used In Operations ~$8M
Portfolio Pulse from Benzinga Newsdesk
NET Power reported a cash flow used in operations of approximately $8 million for Q2.
August 12, 2024 | 8:16 pm
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NET Power reported a cash flow used in operations of approximately $8 million for Q2. This indicates a significant outflow of cash, which could be a concern for investors regarding the company's operational efficiency and financial health.
The reported cash flow used in operations of $8 million suggests that NET Power is spending more cash than it is generating from its core business activities. This could raise concerns among investors about the company's ability to manage its operational costs and maintain financial stability.
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IMPORTANCE 70
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