8Common Ltd (AU:8CO) has released an update.
8Common Ltd has reported an increase in revenue by 15% for the fiscal year ending in June 2024, marking a rise to $8.1 million from the previous year’s $7.2 million. Despite this growth, the company experienced a net loss after tax, which has improved by 23%, reducing losses from $3.3 million in 2023 to $2.5 million in 2024. The report also highlights a basic and diluted loss per share of (1.14) cents and a dip in net tangible assets per share from 0.2 cents to (0.007) cents.
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