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DXN Ltd. ( (AU:DXN) ) has provided an update.
DXN Limited has announced a significant expansion into the indoor prefabricated market with a $1.6 million contract to deliver its StructCore Solution. This innovative solution allows for the conversion and reuse of existing indoor spaces to support high-density data centres, marking DXN’s entry into a new Telco market segment. The contract, signed with Ventia, supports a major Australian Telco and aligns with DXN’s strategic goals outlined in their October 2024 Capital Raise. The deployment, set for completion in late 2025, is expected to contribute to a projected 45% revenue increase for FY25, highlighting DXN’s capability in delivering complex modular solutions and opening doors for further growth opportunities both in Australia and internationally.
The most recent analyst rating on (AU:DXN) stock is a Buy with a A$0.08 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 Limited is a vertically integrated manufacturer and operator of modular data centres in the Asia Pacific region. The company specializes in designing, engineering, manufacturing, maintaining, and operating data centres, serving major government and blue-chip enterprise customers. DXN operates through two core divisions: the Modular Division, which focuses on designing and deploying EDGE facilities and critical data centre infrastructure, and the Data Centre Operations division, which manages and markets data centres and critical infrastructure.
Average Trading Volume: 473,587
Technical Sentiment Signal: Sell
Current Market Cap: A$14.94M
See more insights into DXN stock on TipRanks’ Stock Analysis page.