Millennium Services Group Ltd. (AU:MIL) has released an update.
Millennium Services Group Ltd. reports a positive cash flow of $1.0 million from operations in Q3 FY24, despite an additional wage payment cycle, showing improvement from a negative cash flow in the same quarter last year. The company maintains a strong financial position with $12.8 million in available funding and a 13.9% revenue increase year-to-date due to new long-term contracts and diversified clientele. This performance comes ahead of the impending acquisition of the company by SoftBank Robotics Singapore Pte Ltd’s subsidiary, MS Journey Pty Ltd.
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