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DXN Ltd. ( (AU:DXN) ) has provided an update.
DXN reported March-quarter revenue of $3.7 million, up 47.5% on the prior corresponding period, supported by resumed progress on modular projects and a modular revenue contribution of $2.9 million. The company ended the quarter with $2.0 million in cash, a total backlog of $10.4 million including $7.8 million in modular orders, and positive operating cash flow of $0.8 million.
Management said customer deferrals that slowed activity in the first half are easing, with DXN expecting to convert around 40% of its backlog into revenue in the June quarter, although some anticipated FY26 revenue is now expected to slip into early FY27. The company is advancing its Asia-Pacific growth strategy via an Indonesian joint venture targeting commercial operations in August 2026, Malaysian manufacturing expansion, and new cable landing and Latin American contracts with a repeat global internet customer, underpinning a growing pipeline of 89 identified projects.
The most recent analyst rating on (AU:DXN) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on DXN Ltd. stock, see the AU:DXN Stock Forecast page.
More about DXN Ltd.
DXN Ltd. is an Australian specialist in prefabricated modular data centres, providing modular infrastructure and colocation services to hyperscale and enterprise customers. The company is expanding its footprint across the Asia-Pacific digital infrastructure market through joint ventures and new manufacturing facilities, while also moving into new regions such as Latin America.
Average Trading Volume: 400,006
Technical Sentiment Signal: Sell
Current Market Cap: A$6.6M
See more insights into DXN stock on TipRanks’ Stock Analysis page.