BEX bikeexchange limited
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News: BEX Bikeexchange Says FY Revenue From Cont Ops A$6.4 Mln

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    31/08/23
    17:00
    Post #: 69669766

    Aug 31 (Reuters) - Bikeexchange Ltd (BEX) :

    • FY REVENUE FROM CONTINUING OPERATIONS UP 23% TO A$6.4 MILLION
    • STARTS FY2024 WITH A CLEAR INTENTION TO DRIVE BUSINESS TO PROFITABILITY
    • NEW CONSUMER PLATFORM, WITH AI RECOMMENDATIONS, AMONG OTHERS IS EXPECTED TO DRIVE HIGHER REVENUES IN FY24
    • HAVE PLANS TO RAISE FURTHER CAPITAL
    • NET LOSS FOR FULL-YEAR ATTRIBUTABLE A$16.6 MILLION VERSUS LOSS A$14.4 MILLION
    • IN ACTIVE DISCUSSIONS WITH A NUMBER OF WHOLESALE INVESTORS AROUND PROVIDING FURTHER FUNDING TO GROUP
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