Australia's XPON Technologies climbs on quarterly revenue growth

XPON Technologies

31/01/2023 01:02

** Shares of XPON Technologies  XPN.AX  rise as much as 7.2%
to A$0.15, hitting their highest since Dec. 7
    ** Cloud-based tech firm posts 41% jump in quarterly revenue
to A$4.5 mln ($3.17 mln)
    ** Says annualised recurring revenue for the quarter rose by
39% to A$18.2 mln 
    ** Adds on track to achieve cashflow break-even target in
FY24
    ** In 2022, stock tumbled 34.9% 
($1 = 1.4194 Australian dollars)
 (Reporting by Navya Mittal in Bengaluru)
 ((navya.mittal@thomsonreuters.com))