Explicit Finance's Flat Performance and Low Operating Cash Flow Raise Concerns for Investors

This could be a cause for concern for investors.
Explicit Finance, a microcap finance company, recently announced its financial results for the quarter ending September 2024. The company's stock has been given a 'Sell' call by MarketsMOJO, a leading financial analysis platform.

According to the financial report, Explicit Finance's performance for the quarter was flat, with a score of -2 compared to -1 in the previous quarter. This indicates a decline in the company's financial performance over the last three months.

One of the major concerns highlighted in the report is the company's operating cash flow, which has been consistently low over the past three years. In the latest financial year, the company's operating cash flow was at its lowest at Rs -0.40 Cr. This could be a red flag for investors as it suggests a decline in the company's cash revenues from business operations.

While Explicit Finance is a microcap company, it is still important for investors to closely monitor its financial performance and take note of any concerning trends. With the recent 'Sell' call by MarketsMOJO, it is advisable for investors to exercise caution when considering investing in Explicit Finance.