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DXN Ltd. ( (AU:DXN) ) has shared an update.
DXN Limited reported a revenue increase to $2.5 million for Q3 FY25, with a strong cash balance of $3.2 million. The company is on track to meet its $16 million revenue guidance for the fiscal year, bolstered by key contracts and strategic financial moves such as converting loans to equity. DXN is expanding its operations with the launch of a new DCaaS division, signing its first contract and planning further site expansions. This strategic move is expected to enhance DXN’s industry positioning by offering recurring revenue streams and strengthening its financial foundation.
More about DXN Ltd.
DXN Limited is a specialist in prefabricated modular data centers, focusing on providing innovative data center solutions. The company operates in the data center industry and is expanding its market focus with the introduction of Data Centre as a Service (DCaaS), aiming to offer facility as a service to clients globally.
YTD Price Performance: -45.00%
Average Trading Volume: 424,686
Technical Sentiment Signal: Buy
Current Market Cap: A$9.86M
Find detailed analytics on DXN stock on TipRanks’ Stock Analysis page.