First Graphene reports moving towards profitability and expansion
Updated: 2024-07-31 08:49:27
First Graphene has announced progressive traction in their financial and operational performance for the quarter ending June 2024, with revenue reaching approximately AUD$125,000 (over USD$81,000), reflecting a diversifying clientele across various industries. The Company is optimistic about FY2025, anticipating new product productions to drive them towards positive cash flow, bolstered by a 60% decrease in operational costs over the past four years.