Axiom Properties Navigates Growth Amid Cash Flow Changes

Axiom Properties Ltd (AU:AXI) has released an update.

Axiom Properties Limited, in its latest quarterly report, reveals a decrease in cash reserves by $852,000, with a remaining balance of $966,000 as of June 30, 2024. The company reports increased leasing inquiries and anticipates receiving around $2.6 million from property commitments and asset sales in the upcoming quarters. Axiom is actively pursuing growth through property technology investments and development projects, while also managing consistent operational costs and seeking refinancing options after the acquisition of ListSure.

For further insights into AU:AXI stock, check out TipRanks’ Stock Analysis page.