Security technology company QRSciences (ASX:QRS) is looking to acquire cashflow-positive companies with a profit-driven distribution and service model.
In a presentation to investors, the company said it would be willing to acquire companies with sales of up to $50 million per year.
But the investments must be accretive to both revenue and profit, and ideally provide opportunities to share offices.
QRSciences ended the March quarter with over $6 million worth of cash in hand.
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