Xigem Technologies (TSE:XIGM) has released an update.
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Xigem Technologies reports a substantial 58% increase in both gross and net sales for Q1 2024 compared to Q1 2023, alongside a significant reduction in net comprehensive loss by 65.5%. The growth is attributed to the success of EchoDigital, the company’s AI-driven SaaS platform for the used car market, which is set to expand to more dealers. EchoDigital’s potential aligns with industry trends, as online used car sales and data-driven transactions become increasingly prevalent.
For further insights into TSE:XIGM stock, check out TipRanks’ Stock Analysis page.
