Australia's XPON Technologies hits 5-wk high on upbeat quarterly revenue

XPON Technologies

24/10/2024 05:47

** Shares of XPON Technologies  XPN.AX  rise 30% to A$0.013,
their highest level since Sep. 19
    ** IT service provider reports annualised recurring revenue
of A$7.9 mln($5.25 mln), up by 8% Q/Q
    ** Stock set for its biggest pct gain since Oct. 3, if
current trends hold
    ** Stock down 35% YTD, including current session, as at 0420
GMT


($1 = 1.5047 Australian dollars)

 (Reporting by Kumar Tanishk in Bengaluru)
 ((Tanishk.Kumar@thomsonreuters.com;))