bearish
Schrole Group Ltd - Another Record Quarter, Closing in on Break Even
SUMMARY
- Schrole Group Ltd (ASX:SCL) is an Australian software company focused on providing human resource technology solutions to the international education and training sector.
- Schrole has developed a suite of five HR Software-as-a-Service (SaaS) offerings including the core product, Schrole Connect, a SaaS-based staff recruitment platform.
- Schrole Group has reported a 24% increase in quarter-on-quarter cash receipts to $1.32m and a narrowed operating cash loss of $0.20m, a 39% reduction when compared with the same quarter a year ago. Schrole Group ended the quarter with cash of $1.36m and no debt.
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