September 3, 2003
Cash Flow from Operations for Skinvisible Reaches Four Year High
CashFlowNews.com reports that negative Cash Flow from Operations for Skinvisible, Inc. (OTC:SKVI) for its quarter ended June 30, 2003 was $(168,580), a 18.8% improvement over the year earlier same quarter when Skinvisible generated $(207,542) in negative Cash Flow from Operations. Skinvisible has generated eighteen consecutive quarters of negative Cash Flow from Operations. Cash Flow from Operations for the most recent quarter also reached a four year high.
For Skinvisible's twelve months ended June 30, 2003 Cash Flow from Operations was $(660,735), compared with $(757,323), a 12.8% improvement over the comparable year earlier twelve months. Cash Flow from Operations for the most recent twelve months also reached a three year high.
The shares of Skinvisible were recently trading at $0.14.
Cash Flow From Operations defined by CashFlowNews.com:
Defined as Cash flow from operations or operating cash flow as found in the Cash Flow From Operations section of a company's Cash Flow Statement, which is filed quarterly with the SEC.
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