Xero's burned through $17.3 million of its cash reserves in the last quarter but still has $192.7 million in the tank.
In an update released yesterday afternoon the accounting software maker said its net outflow was $17.3 million for three months to June 30, up from $11.8 million in the quarter ending March 2014.
Xero had $210 million of cash as at March 31 and had cash balances of $192.7 million at the end of June.
Customer receipts were up 81 per cent compared to the corresponding quarter in 2013. Staff costs were up 88 per cent and operating costs were up 103 per cent. Payments for software development were up 85 per cent.
Xero shares closed yesterday at $25.4.
