Motio Limited (AU:MXO) has released an update.
Motio Limited reported a 27.1% revenue increase to $8.367M for the fiscal year ended June 30, 2024, with a significant rise in CASH EBITDA and a transition to positive cash flow. Despite these gains, the company experienced a 16.8% increase in its loss after tax, amounting to a $2.082M loss for the period. Motio also highlighted the growth of its SaaS software revenue and the continued development of its digital display portfolio, with no dividends proposed for the period.
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