Micro-X Ltd Reports Strong Sales Growth

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

Australian tech company Micro-X Ltd has reported significant financial growth with a 80% increase in product sales for FY24, totaling $7.0M, following a successful $5.9M capital raise. The company welcomed Scott Bryant as Chief Sales Officer to advance sales initiatives, particularly focusing on the Argus x-ray technology and Rover x-ray systems, which are gaining traction in health and security markets. Micro-X’s new Argus kit has sparked interest for its innovative application in threat detection, with the first unit sold in the UAE, and the Rover system demonstrating a strong sales increase and inventory reduction.

For further insights into AU:MX1 stock, check out TipRanks’ Stock Analysis page.