De.mem Ltd. (AU:DEM) has released an update.
De.mem Ltd., a leading provider of decentralized water and wastewater treatment solutions, has reported a 19% revenue growth to $23.4 million for the calendar year 2023, marking an average annual growth of 23% since 2019. The company achieved a record annual cash receipt of A$24.8 million and has maintained growth momentum with 20 consecutive quarters of growth. With approximately 90% of its revenues now recurring, De.mem is poised for a strong growth trajectory.
For further insights into AU:DEM stock, check out TipRanks’ Stock Analysis page.
