IODM Ltd. (AU:IOD) has released an update.
IODM Ltd. reports a significant increase in Q3 FY24 cash receipts, soaring to A$640k, marking a 65% rise from the prior corresponding period, largely due to a lucrative new agreement with Convera in the UK education sector. The company’s expansion into the US market began with their first client onboarding, alongside a promising pipeline of prospects. Additionally, IODM secured A$800k in funding through a share issue, bolstering their working capital as they steer towards cash flow positivity.
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