Wellnex Life Ltd ( (AU:WNX) ) just unveiled an announcement.
Wellnex Life Limited reported a significant increase in cash receipts and sales for Q3 FY25, with cash receipts rising by 69% and sales increasing by 35% compared to the previous quarter. The company achieved a positive net cash flow from operations and noted substantial growth in its high-margin brands and IP licensing. The completion of its admission to the AIM market of the London Stock Exchange is a pivotal development, expected to drive international expansion and result in annual cost savings of $1.4 million. This strategic move, along with the extinguishment of convertible notes and the acquisition of Pain Away, positions Wellnex Life for enhanced financial growth and operational scale.
More about Wellnex Life Ltd
Wellnex Life Limited is a consumer healthcare company that develops, licenses, and markets registered products and brands within the healthcare market. Since its listing in 2021, the company has launched various brands and products available in major retailers, pharmacies, and supermarkets. Wellnex Life has significant licensing arrangements with major pharmaceutical companies, enhancing its global distribution footprint. The recent acquisition of the Australian topical pain relief brand Pain Away is expected to accelerate the company’s growth and reinforce its position in the healthcare market.
YTD Price Performance: -48.61%
Average Trading Volume: 210
Technical Sentiment Signal: Strong Buy
Current Market Cap: €12.88M
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