Hydrix Limited Faces Deepening Financial Losses

Hydrix Limited (AU:HYD) has released an update.

Hydrix Limited reports a significant loss of $5,353,142 for the fiscal year ending June 30, 2024, a deeper setback compared to the previous year’s loss of $4,268,281. The company’s revenue has declined by 19.5% and it has decided against paying dividends, reflecting a challenging financial period. Despite these losses, the company has seen an improvement in net cash used in operating activities.

For further insights into AU:HYD stock, check out TipRanks’ Stock Analysis page.