Vivopower International Plc (VVPR) has released an update.
VivoPower International PLC reports a strategic refocus with a decrease in revenue to $5.9 million from $8.7 million and a reduced net loss of $7.8 million in the half year ended December 31, 2023, thanks to higher-margin revenue streams and efficiency savings. The company has made significant progress in its Electric Vehicle unit, Tembo, with a new joint venture and a growing order book, and is preparing for a Nasdaq listing through a merger with Cactus Acquisition Corp 1 Limited.
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