Australia's Revasum hits near 2-month high on upbeat third quarter

Revasum

11/10/2023 04:15

** Shares of Australian semiconductor processing equipment
manufacturer Revasum  RVS.AX  rise as much as 12.5% to A$0.18,
their highest level since Aug. 17
    ** Co reports 43% Y/Y jump in total Q3 revenue; gross margin
expands to 34.5% from 26.8%
    ** Projects further growth in service and consumable parts
sales
    ** Co says remains focused on controlling operating
expenses, improving efficiencies across business 
    ** Adds, expense control and cashflow management ongoing
priorities
    ** More than 26,600 shares change hands as of 0306 GMT, vs
30-day average volume of 23,613
    ** Stock up over 23% this year, as of last close

 (Reporting by Roshan Thomas in Bengaluru)
 ((Roshan.Thomas@thomsonreuters.com;))