DXN Ltd. (AU:DXN) has released an update.
DXN Ltd. has reported a significant 145% increase in quarterly revenue to $3.8 million, with annual revenue up 41% at $10.9 million, attributed to new modular data centre sales. The company has achieved positive net operating cash flows for the first time, with $1.04 million for the quarter and $327k annually, and anticipates an unaudited EBITDA of $402k, a notable improvement from the previous year’s losses. Additionally, DXN has completed its exit from the Sydney data centre, which is expected to save around $1.4 million annually in lease costs.
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