What's happened?
SciDev Limited (ASX:SDV "SciDev") have confirmed it is not experiencing any adverse supply chain implications arising from COVID-19.
What are the key highlights?
- The Company’s inventory position at 29 February 2020 was AUD$2.8m and provides adequate supply to satisfy customer consumption requirements.
- SciDev FY2020 YTD Sales exceed AUD $12M and we continue to see incoming enquiries for our products and professional services as companies look to adhere to their environmental regulations in an efficient and cost-effective manner.
- SciDev had a cash position of $3.07m at the end of December 2019. The balance sheet has strengthened since this time and SciDev remains well funded to continue to deliver on our business activities.
- SciDev is maintaining an elevated customer contact regime (via video and audio means) and is pleased to advise that all key customer operations remain on track.
