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Dialight ( (GB:DIA) ) has issued an update.
Dialight reported that its trading performance for the third quarter of 2024 was slightly ahead of expectations, with profitable operations and positive cash flow, reducing net debt to $14.8 million. The company is advancing its Transformation Plan by introducing a new pillar aimed at future growth, reinforcing its strategy to sustain profitable growth. In a legal development, Dialight has reached an agreement in principle with Sanmina Corporation to resolve their litigation, agreeing to pay $12 million in installments. The company is confident this settlement will not impact its operational cash flow, allowing it to focus on its strategic goals.
More about Dialight
Dialight (LSE: DIA.L) is a global leader in sustainable LED lighting for industrial applications. The company’s products are designed to deliver reduced energy consumption and create safer working environments, offering superior operational performance, reliability, and durability. Dialight is headquartered in the UK with operations in Australia, Dubai, Germany, Malaysia, Mexico, Singapore, the UK, and the USA.
YTD Price Performance: -16.59%
Average Trading Volume: 11,250
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £36.83M
See more data about DIA stock on TipRanks’ Stock Analysis page.
