Adveritas Limited (AU:AV1) has released an update.
Adveritas Limited has reported a substantial 41% increase in revenue to $4.15 million for the fiscal year ending on 30 June 2024, compared to the previous year. Despite this growth, the company’s net loss increased by 6% to $11.59 million, and no dividends were declared for shareholders. The firm’s net tangible assets per share have decreased to a net liability position, primarily due to convertible loan notes maturing in April 2025.
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