Brief: Visioneering Technologies Says Q1 Unaudited Net Revenue $2.3 Mln, Up 32%
18/04/2023 02:09
April 18 (Reuters) - Visioneering Technologies Inc
VTI.AX :
* Q1 FY23 NET REVENUE UNAUDITED $2.3 MILLION, UP 32% VERSUS
Q1
FY22
* EXPECTS OPERATING EXPENSE RUN RATE FOR REMAINDER OF FISCAL
YEAR
TO REMAIN STEADY AT ITS CURRENT LEVEL
* NET CASH USED IN OPERATING ACTIVITIES MAY VARY ON QTRLY
BASIS IN
FY23 BUT EXPECTED TO REMAIN BELOW FY22 QTRLY AVERAGE
* EXPECTS DECLINING SHIPPING COSTS TREND TO CONTINUE TO
POSITIVELY
IMPACT GROSS MARGINS FOR REMAINDER OF FY23
Source text for Eikon: ID:nASX8zgqfM
Further company coverage: VTI.AX
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