Atomos Ltd. (AU:AMS) has released an update.
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Atomos Limited has reported a challenging FY2024 with revenue down 16% to $35.7 million, but with a notable recovery in the second half and a substantial increase in gross profit margin from 11% to 31%. The company has launched two new products and successfully completed a $16.2 million capital raise, positioning it for future growth with a strong cash balance and no debt. Despite global economic challenges and supply chain disruptions, Atomos is optimistic about maintaining gross profit margins above 40%.
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