NNG 0.00% 2.0¢ nexion group ltd

NEXION (ASX:NNG) Listing Date: Monday February 1 Sector: Tech...

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    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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