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Fiji Kava Limited ( (AU:CCO) ) has issued an announcement.
Fiji Kava Limited has made significant strides in reducing its cash burn by half in Q2 compared to Q1, showcasing progress towards breaking even. The company reported a notable growth in retail sales by 17% at Coles without any advertising spend, and added QuikStop to its retail partnerships. The first half of FY25 sales have surpassed the entire FY24 sales, with H1FY25 revenue reaching $4.4 million. Fiji Kava is on track to double its business year-on-year, reflecting strong operational momentum.
More about Fiji Kava Limited
Fiji Kava Limited operates in the natural products industry, focusing on products that promote calmness, support mind and muscle relaxation, and improve sleep.
Average Trading Volume: 17,774,369
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$15.25M
Find detailed analytics on CCO stock on TipRanks’ Stock Analysis page.