ASX-listed Visioneering Technologies soars on upbeat quarterly update, outlook

Visioneering Technologies

18/04/2023 04:26

** ASX-listed shares of Visioneering Technologies Inc
 VTI.AX  rise as much as 4.2% to A$0.250, hitting their highest
since March 10
    ** The U.S. eye care co posts 32% jump in qtrly unaudited
net revenue to $2.3 mln
    ** Expects declining shipping costs to positively impact
gross margins for remainder of FY23 
    ** Sees operating expense run rate for rest of the FY to
stay steady at its current level
    ** Stock down 40% YTD, as of last close 
    

    

 (Reporting by Echha Jain in Bengaluru)
 ((Echha.jain@thomsonreuters.com))