Papyrus Australia (ASX:PPY) says its February 2023 monthly cash flow report shows net cash used in operating activities amounted to $104k for the current month, and $808k year to date.

The report also details net cash used in investing activities as $431k year to date, and net cash received from financing activities as $25k for the current month and $297k year to date.

The company had cash and cash equivalents of $431k at the end of the period, with estimated cash available for future operating activities equaling $681k, providing approximately 6.55 months of funding.

Papyrus Australia is the developer of a world-first, sustainable technology that produces environmentally friendly food packaging from 100% renewable, refined banana fibre.