The latest update is out from Vonex Limited ( (AU:VN8) ).
Vonex Limited reported a revenue of $23.2 million for the half-year ending December 2024, with a 24% increase in EBITDA to $2.4 million. Despite a 6% decline in revenue, the company has made significant strides in operational efficiency and customer experience, achieving the top ranking in Telecommunications Industry Ombudsman complaints. The company raised $13.9 million to reduce its debt and plans further refinancing. With the appointment of Michael Blake as the new CEO, Vonex anticipates renewed growth opportunities, particularly after the resolution of competing takeover offers and the establishment of a new majority shareholder.
More about Vonex Limited
Vonex Limited operates in the telecommunications industry, providing services such as PBX solutions, softphone applications, and NBN services. The company focuses on improving customer experience and operational efficiency, aiming to deliver sustainable value to its stakeholders.
YTD Price Performance: -16.28%
Average Trading Volume: 2,213,154
Technical Sentiment Consensus Rating: Hold
Current Market Cap: A$27.09M
See more data about VN8 stock on TipRanks’ Stock Analysis page.