DUG Technology Ltd (AU:DUG) has released an update.
DUG Technology Ltd reported a significant increase in its Q3 FY24 financial performance, with revenue up 39% to US$17.6 million and EBITDA rising 24% to US$4.6 million compared to the same period last year. The company also saw an increase in operating cash inflows, with a strong order book and plans to expand into the Middle East. Despite utilizing costly third-party compute resources, which will be replaced by the company’s new high-performance computing assets, DUG remains in a solid net cash position with exciting growth prospects in various regions.
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