Jaxsta Limited (AU:VNL) has released an update.
Jaxsta Limited reports a record-breaking quarter with cash receipts up by 52% to $2.564M and a 19% increase in revenues, reaching $2.214M. The company successfully raised $5.4M through a Fully Underwritten Entitlements Issue and does not foresee additional capital raising for working capital. Strategic cost movements and the integration of The Brag Media are expected to yield annual savings of $750K, setting the stage for sustainable growth in the upcoming fiscal year.
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