Anagenics Limited (AU:AN1) has released an update.
Anagenics Limited announced a 16% revenue increase in FY24 and a new exclusive licensing deal with York Street Brands, expected to generate a minimum of $4.4M in royalties over 10 years. The company is also finalizing its annual report, indicating significant non-cash impairments due to restructuring, but has seen improved cashflow and is working towards profitability. Anagenics continues to focus on its core portfolio and explore mergers and acquisitions for growth.
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