CleanSpace Holdings Ltd. (AU:CSX) has released an update.
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CleanSpace Holdings Ltd. has reported a robust financial performance for FY24, with a 30% increase in revenue to $15.7M and significant industrial-led growth. The company achieved a gross margin improvement to 72% and realized annual expense savings of $4M, turning cash flow positive in Q4. This momentum is underpinned by innovative product launches and strong sales in Europe and the Asia Pacific, despite a slight decline in North America.
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