Family cybersecurity outfit Wangle Technologies says negative cash flow is part of a long-term growth strategy — and it is “considering a number of options”.

“The company expects to have negative operating cash flows for the time being, reflecting the activities being undertaken in pursuit of the company’s long-term growth strategy. However, as revenue grows, the negative operating cash flows are expected to reduce,” Wangle (ASX:WGL) told the ASX in response to a query.

WGL reported sales of $1000 on its recently launched Wangle Family Insites (WFI) internet-monitoring service in the September quarter, and spent $961,000 (not including a $1.1 million R&D rebate).

Wangle had $1 million left in the kitty at the end of September and estimated outflows this quarter of $855,000.

Its shares were trading at 1.8c on Monday, valuing Wangle at $16 million.

In the last 12 months, the shares have traded between 0.8c and 3.5c.

Last week Wangle announced a loan of $2 million to invest in aggressive brand and customer acquisition strategies for their cybersecurity product.

Wangle Family Insites (WFI) monitors internet use across all devices in the family home to secure children’s internet use, blocking threats like sexting.

Unwanted websites can be blocked and data in live videos or in social media can be assessed in real time to determine their suitability.

The product is available for Apple and Android devices and they hope to target Australia’s 6 million families before a planned international expansion.

Pricing is set at $7.99/month or $79.99/year for a family subscription.

“At this stage, the Board is considering a number of options that are not yet finalised but we anticipate closure in the near term,” the company told investors.