tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Iondrive Ltd. Reports Revenue Growth Amid Continued Losses

Story Highlights
Iondrive Ltd. Reports Revenue Growth Amid Continued Losses

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Southern Gold Limited ( (AU:ION) ) has provided an announcement.

Iondrive Ltd. reported a significant increase in revenue for the financial year ending June 2025, with a 94.7% rise to $1.71 million. Despite this, the company recorded a net loss of $4.62 million, attributed to substantial research and development expenses and other operational costs. The acquisition of a dormant company in Germany, renamed Iondrive EU GmbH, aims to enhance the company’s strategic positioning in the European market. The net tangible assets per share increased slightly, but no dividend was proposed.

More about Southern Gold Limited

YTD Price Performance: 66.67%

Average Trading Volume: 4,736,691

Technical Sentiment Signal: Buy

Current Market Cap: A$59.38M

Find detailed analytics on ION stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1