Jaxsta Limited (AU:VNL) has released an update.
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Vinyl Group Ltd, Australia’s exclusive ASX-listed music company, has announced a staggering 754% revenue increase to $4.971M in FY24, driven by strategic expansions and the acquisition of The Brag Media. Despite significant investments in growth and integration, which resulted in an operating loss for the year, the company is optimistic about future cash flows and has laid a solid foundation for further development with $4.1M in cash reserves and a focus on modernizing the Jaxsta platform.
For further insights into AU:VNL stock, check out TipRanks’ Stock Analysis page.
