Micro-X Limited Reports Narrowed Losses

Micro-X Ltd. (AU:MX1) has released an update.

Micro-X Limited reported a marginal 1% increase in revenues to $15,222,000 for the fiscal year ending 30 June 2024, alongside a 9% decrease in losses after tax, bringing the loss down to $9,765,000. No dividends were declared during the year, and net tangible assets per security dropped to 2.44 cents. The report, following IFRS standards, includes an unqualified audit opinion with an emphasis on Going Concern.

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