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Eden Innovations Ltd ( (AU:EDE) ) has shared an update.
Eden Innovations Ltd reported a 51% increase in revenue for the half year ended December 2024, driven by higher sales of OptiBlend® products in the USA. Despite the revenue growth, the company still reported a loss, though it was reduced compared to the previous year due to slightly lower operating costs. The company’s net tangible assets per share decreased, and no dividends were declared. The financial report highlights a material uncertainty related to the company’s going concern status.
More about Eden Innovations Ltd
Eden Innovations Ltd is a company operating in the technology and innovation sector, focusing on products like OptiBlend® and EdenCrete®. The company is involved in the development and commercialization of these technologies, primarily targeting the U.S. market.
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $2.56M
For detailed information about EDE stock, go to TipRanks’ Stock Analysis page.
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