Vmoto Limited ( (AU:VMT) ) has provided an announcement.
Vmoto Limited reported a 33% decline in total unit sales for the fiscal year 2024 compared to the previous year, with international sales impacted by a challenging macro-economic environment. Despite this, the company maintained a strong cash position and positive operational cash flow in the last quarter. Vmoto has entered new international joint ventures in Thailand and Mexico to expand its market reach in electric mobility. The company is focused on enhancing its product offerings and exploring new business models to drive revenue growth and maintain its market-leading position.
More about Vmoto Limited
Vmoto Limited is a global electric vehicle company focusing on electric motorcycles and e-mobility solutions. The company aims to provide innovative products in the delivery, transportation, and logistics markets, with a strong emphasis on technology and performance improvements for competitive advantages.
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: €25.13M
For detailed information about VMT stock, go to TipRanks’ Stock Analysis page.