Equity Story Group Ltd. (AU:EQS) has released an update.
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Equity Story Group Ltd reports a reduction in their annual losses by 25.3% to $1,916,261 for the financial year ending June 2024, as a result of aggressive cost-cutting measures, including a 94% cut in marketing costs. Notably, the company’s EBITDA has improved by 52%, indicating better operational efficiency. Despite lower revenues, the firm’s strategic expense management has led to a significant decrease in cash used for operations.
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