NEXION (ASX:NNG)
Listing Date: Monday February 1
Sector: Tech
NEXION is a data storage and network security company.
Despite recording a $1.2m loss in FY20, NEXION has experienced +69 per cent revenue growth from FY19 to FY20.
“And the typical contracts for NEXION OneCloud services are written for an average of 36 months,” it says.
“Customer turnover is therefore very low and renewal ratios are very high.”
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- IPO - Nexion Group Ltd - 20 January 2021 #
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