CleanSpace Reports Strong FY24 Growth and Efficiency Gains
Company Announcements

CleanSpace Reports Strong FY24 Growth and Efficiency Gains

CleanSpace Holdings Ltd. (AU:CSX) has released an update.

CleanSpace Holdings Ltd. has reported a robust financial performance for FY24, with a 30% increase in revenue to $15.7M and significant industrial-led growth. The company achieved a gross margin improvement to 72% and realized annual expense savings of $4M, turning cash flow positive in Q4. This momentum is underpinned by innovative product launches and strong sales in Europe and the Asia Pacific, despite a slight decline in North America.

For further insights into AU:CSX stock, check out TipRanks’ Stock Analysis page.

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App