By increasing inventory, the company will be able to fulfill orders faster which will result in accelerated positive operational cashflow. Accelerated payments will result in a stronger balance sheet, positioning Operator XR to meet the demand of larger orders expected in the near term.
The additional short-term funding is provided by our senior debt provider, Causeway Financial, with a maturity date of 31 March 2025. All other terms and conditions of the existing loan facility remain unchanged, ensuring the company retains its favourable borrowing conditions.
XRG CEO, Wayne Jones said: “The company is focused on accelerating the delivery times of current demand as well as supporting larger orders such as the US Military $5.6m project announced last month and other large orders expected in the near term.”
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