Anagenics Limited (AU:AN1) has released an update.
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Anagenics Limited announced a 16% revenue increase in FY24 and a new exclusive licensing deal with York Street Brands, expected to generate a minimum of $4.4M in royalties over 10 years. The company is also finalizing its annual report, indicating significant non-cash impairments due to restructuring, but has seen improved cashflow and is working towards profitability. Anagenics continues to focus on its core portfolio and explore mergers and acquisitions for growth.
For further insights into AU:AN1 stock, check out TipRanks’ Stock Analysis page.