Australia's CleanSpace Holdings drops most since July on flat Q1 rev

Cleanspace Holdings

11/11/2024 01:34

** CleanSpace Holdings  CSX.AX  falls as much as 18.4% to
A$0.400, their biggest intraday pct drop since July 25
    ** Respiratory equipment maker reports nearly flat Q1 rev of
A$5.3 mln ($3.4 mln) vs a year ago
    ** Says despite YTD profitability increasing 20%, EBITDA
still reflects small loss
    ** Adds Olympics and Paralympics in France, its largest
market, and transitional changes in the U.S. team led to
slower-than-feared growth
    ** Stock hits its lowest since late August
    ** Over 73,000 shares traded, 3.6x the 30-day avg
    ** CSX up 21% YTD

($1 = A$1.5168)

 (Reporting by Kumar Tanishk in Bengaluru)
 ((Tanishk.Kumar@thomsonreuters.com;))