Published on 26 October 2023
Q3 FY23 Market Update and Guidance Update
Revenue for the three months ended 30 September (Q3 FY23) was $15.9m which is 12.1% lower than Q3 FY22. Gross margin for the quarter was 32.0% (28.9% Q3 FY22) and EBITDA was a $0.4m profit ($0.1m profit in Q3 FY22). Operating expenses at $4.9m were consistent with the same period last year. There was a modest improvement in the EBITDA result for the quarter due to improved gross margin.