Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
De.mem Ltd. ( (AU:DEM) ) has issued an announcement.
De.mem Limited has reported a record performance for the December Quarter 2024, with cash receipts reaching $7.4 million, marking the second-highest quarter in the company’s history. The company has shown consistent growth for 23 consecutive quarters, with full-year cash receipts of approximately $28.4 million, reflecting a 15% increase from the previous year. This growth is significantly above the industry average and is supported by the successful integration of two acquisitions and the commercial launch of a new membrane technology. De.mem’s strong financial performance and positive cash flows are bolstered by a stable revenue profile and high gross margins, indicating a strong market position and positive outlook for 2025.
More about De.mem Ltd.
De.mem Limited is a company operating in the industrial water and wastewater treatment industry, focusing on providing treatment solutions. The company is involved in the development of advanced membrane technologies and has a market focus that includes both domestic and international sectors.
YTD Price Performance: -15.38%
Average Trading Volume: 68,616
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: A$32.21M
Find detailed analytics on DEM stock on TipRanks’ Stock Analysis page.