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An update from Nexion Group Ltd. ( (AU:NNG) ) is now available.
NEXION Group Ltd reported a strong quarter ending December 2024 with cash receipts of $1.22 million, marking a 30% increase from the previous quarter. The company is expanding into Southeast Asia with new business in the satellite sector through its Starlink solutions, driving significant growth in revenue. Additionally, NEXION is enhancing its sales team in the APAC region and preparing to launch new products to sustain its growth momentum. The company also issued convertible notes to raise $250,000 for ongoing mergers and acquisitions, reflecting its proactive approach in expanding its market presence.
More about Nexion Group Ltd.
NEXION Group Ltd is a company that integrates software, compute, storage, network, and cyber security to deliver reliable and robust hybrid-cloud systems. It owns a 2MW data centre in Perth, Western Australia, which is used to host compute and storage equipment and deliver cloud services.
YTD Price Performance: 0.0%
Technical Sentiment Consensus Rating: Hold
Current Market Cap: A$4.05M
See more insights into NNG stock on TipRanks’ Stock Analysis page.
