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De.mem Ltd. ( (AU:DEM) ) has shared an update.
De.mem Limited reported a 6.4% increase in revenues to $24.9 million for the year ending December 2024, alongside a reduction in net loss by 11.6% to $2.77 million. The company’s gross margins improved significantly from 35% to 41%, and it ended the year with a stronger cash position of $3.63 million, supporting its growth plans. Despite the net loss, the company showed improved financial metrics, indicating a positive trajectory in its operations and market positioning.
More about De.mem Ltd.
De.mem Limited is a company operating in the water and wastewater treatment industry, providing solutions and services for water purification and management. It has a market focus on water treatment systems and related services, with operations in Australia, Singapore, Vietnam, and Germany.
YTD Price Performance: -11.54%
Average Trading Volume: 68,857
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$33.67M
See more insights into DEM stock on TipRanks’ Stock Analysis page.
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