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VivoPower International ( (VVPR) ) just unveiled an update.
VivoPower International has filed its unaudited financial statements for the six months ended December 31, 2024, highlighting strategic progress and financial improvements. During this period, the company divested its non-core Kenshaw Electrical unit and increased revenue from continuing operations, showcasing initial growth from Tembo’s business. The company also reduced its net after-tax loss and improved EBITDA through cost-saving measures. Key developments include Tembo’s business combination agreement with CCTS, partnerships for electric vehicle initiatives, and Caret’s advancements in its Power2X strategy with significant investment commitments. These actions have enhanced VivoPower’s financial flexibility and strategic positioning, underscoring its commitment to sustainable growth amid challenging market conditions.
More about VivoPower International
VivoPower International is a company engaged in the Electric Vehicles (EV) and Sustainable Energy Solutions (SES) industry. It focuses on scaling these business units while divesting non-core assets to concentrate on high-growth opportunities within its subsidiaries Tembo and Caret.
YTD Price Performance: -19.86%
Average Trading Volume: 801,749
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $5.02M
Find detailed analytics on VVPR stock on TipRanks’ Stock Analysis page.
