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An announcement from Nexion Group Ltd. ( (AU:NNG) ) is now available.
Nexion Group Ltd announced a net loss of $768,139 for the financial year ending June 30, 2025, a significant improvement from the previous year’s loss of $1,922,780. The company has classified its datacenter and managed services businesses as discontinued operations due to finalized sale agreements, resulting in no revenue from continuing operations. Additionally, Nexion raised $730,000 through convertible notes issued to various investors.
More about Nexion Group Ltd.
Nexion Group Ltd is a company involved in datacenter and managed services, with interests in several entities across Australia and New Zealand. It focuses on providing technology infrastructure and services.
Technical Sentiment Signal: Sell
Current Market Cap: A$4.05M
Learn more about NNG stock on TipRanks’ Stock Analysis page.