Accounting software company Xero burned through another $9.4 million in cash during the three months ended June.
But Xero's quarterly cash flow statement shows sales continue to climb.
In the three months ended June, they rose to almost $13 million, compared with $11.4 million in the three months ended March and $37.3 million in the 12 months ended March.
Cash at the end of June was $68.8 million, down from $78.2 million three months earlier.
