Parkway released its September 2024 Quarterly Report today.

For those who have been following the stock closely, there is nothing overly groundbreaking in it.

I would summarise the report as follows:

Financials:

• Operating revenue reached AUD 4.04 million, marking a 213% increase year-over-year.
• Net cash flow from operations was slightly negative at AUD -0.65 million.
• Cash reserves were AUD 2.84 million, with an additional AUD 3 million in undrawn inancing available.

Operations:

• Parkway’s Industrial Operations and Technology Divisions both performed well, with significant growth attributed to partnerships with major mining, energy, and industrial companies.
• The brine technology breakthrough continues to drive progress in long-term project pipelines.

Projects and Development:

• Parkway signed several MOUs to advance infrastructure for brine and salt processing, including potential partnerships for a centralised processing hub.

When Bahay appeared on Strawman, I made the comment it was the most optimistic (and at the same time cagey) that I had seen him. I think some of the MOU's could be fairly significant. The announcement refers to the MOU's as including entities that own project sites suitable for hosting the proposed QBS Central Upstream Plant. Parkway is in the process of exploring options to secure a long-term lease that would support the development of the QBS Central Upstream Plant.

The report doesn't say much new. But the general tone of the report is positive and suggests the mindset is shifting towards focusing on profitability while also continuing to invest in R&D.

The share price was up 18.18% but that doesn't mean much given the volumes it trades on.