Australia's Visionflex Group eyes best day in over 3 months on FY24 forecast

Visionflex

04/06/2024 01:56

** Shares of Visionflex Group  VFX.AX  rise as much as 20%
to A$0.006, their highest since May 24
    ** Stock set for best day since Feb. 23, if current gains
hold
    ** Healthcare technology co expects fiscal 2024 revenue to
exceed A$8.1 mln ($5.42 mln), up 25% from FY23
    ** Co expects FY24 underlying EBITDA loss to be around A$0.9
mln, compared with a loss of A$4.2 mln a year earlier
    ** Says it's targeting to be EBITDA positive in FY25
    ** Stock down 37.5% this year, as of last close

($1 = 1.4943 Australian dollars)

 (Reporting by Shivangi Lahiri in Bengaluru)
 ((shivangi.lahiri@thomsonreuters.com))