EXFO Inc (NASDAQ:EXFO) Q2 2020 Earnings Conference Call - Final Transcript

Apr 07, 2020 • 05:00 pm ET

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EXFO Inc (NASDAQ:EXFO) Q2 2020 Earnings Conference Call - Final Transcript

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Presentation
Executive
Pierre Plamondon

split was 50%, 34% and 16% among the three geographic regions in the second quarter 2019.

In terms of customer mix, our top customer accounted for 8.2% of total sale in Q2 '20 while our top three represented 19.5%.

Turning to a few key points on the balance sheet. Our cash position increased to $20.9 million at the end of Q2 '20 from $17.6 million in the previous quarter. This $3.3 million increase is mainly due to $7.1 million in cash flow from operation. This cash flow from operation was partially offset by $2.1 million for the purchases of capital asset and $1.5 million for the repayment of lease obligation and long-term debt.

At the end of Q2 '20, EXFO had a net cash position of $2.8 million and available revolving credit facilities up to $46.8 million.

Now, at this point, I would turn the call over to the operator for the start of the Q&A. Thank you.