XPON Technologies Group Ltd. (AU:XPN) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
XPON Technologies Group Ltd. has reported a strong financial performance for FY24 with revenue reaching $9.3 million, a 5% increase from the previous year, and a significant gross profit margin of 75%. Despite market challenges, the company maintained a healthy cash position of $3.4 million and has streamlined its operations, aiming for cost savings of at least $6.5 million annually. With these strategic moves, XPON is positioning itself for profitability, with a target to achieve cash flow break-even in FY25.
For further insights into AU:XPN stock, check out TipRanks’ Stock Analysis page.