Brief: Bikeexchange Says FY Revenue From Cont Ops A$6.4 Mln

Bikeexchange

31/08/2023 07:58

Aug 31 (Reuters) - Bikeexchange Ltd  BEX.AX :
    * FY REVENUE FROM CONTINUING OPERATIONS UP 23% TO A$6.4
MILLION
    * STARTS FY2024 WITH A CLEAR INTENTION TO DRIVE BUSINESS TO
PROFITABILITY
    * NEW CONSUMER PLATFORM, WITH AI RECOMMENDATIONS, AMONG
OTHERS IS
EXPECTED TO DRIVE HIGHER REVENUES IN FY24
    * HAVE PLANS TO RAISE FURTHER CAPITAL
    * NET LOSS FOR FULL-YEAR ATTRIBUTABLE  A$16.6 MILLION VERSUS
LOSS
A$14.4 MILLION
    * IN ACTIVE DISCUSSIONS WITH A NUMBER OF WHOLESALE INVESTORS
AROUND PROVIDING FURTHER FUNDING TO GROUP

Source text for Eikon:  ID:nASXbpqn9L 
Further company coverage:  BEX.AX 

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