Vonex Limited ( (AU:VN8) ) has issued an announcement.
Vonex Limited reported a 6% decline in revenue for the half-year ending December 31, 2024, attributed to customer churn in its wholesale segment where servicing costs exceeded revenue benefits. Despite the revenue drop, the company managed to reduce its net loss by 55% compared to the previous year, amounting to $564,746, highlighting improved cost management and operational efficiencies.
More about Vonex Limited
Vonex Limited operates in the telecommunications industry, providing a range of services including voice, data, and cloud-based communication solutions. The company focuses on both retail and wholesale markets, catering to a diverse clientele with its innovative telecom offerings.
YTD Price Performance: -16.28%
Average Trading Volume: 2,213,154
Technical Sentiment Consensus Rating: Hold
Current Market Cap: A$27.09M
For detailed information about VN8 stock, go to TipRanks’ Stock Analysis page.