Hydrix Limited (AU:HYD) has released an update.
Hydrix Limited reports significant progress in its international sales pipeline, with potential future revenues exceeding $40 million, marking a 30% increase since the previous quarter. Despite a decrease in quarterly and annual revenues due to medtech client funding issues, the company has successfully sold five LUDO mechanical heart controllers, which may lead to more service revenues. Additionally, Hydrix has effectively lowered its operating costs by approximately $1.7 million while maintaining its specialized technical capabilities for anticipated revenue growth.
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