Australia's XPON Technologies climbs on strong quarterly results

XPON Technologies

21/01/2022 01:18

** Shares of XPON Technologies Group Ltd  XPN.AX  rise as
much as 4.8% to A$0.220, their biggest intraday pct gain since
Jan 4
    ** The cloud-based tech firm says its quarterly revenue up
185% to A$3.2 mln ($2.30 mln) urn:newsml:reuters.com:*:nASX4gV3ZN
    ** Adds that its quarterly gross profit of A$2.1 mln was an
increase of 207% from prior year
    ** Stock at its highest since Jan 11 
    ** Stock down 2.3% this year, as of last close

    ($1 = 1.3897 Australian dollars)
    

 (Reporting by Yamini C S)
 ((Yamini.CS@thomsonreuters.com;))