- VivoPower International (NASDAQ:VVPR) gave preliminary numbers, half year ended December 31, 2023 revenue from continuing operations down to $5.9M, from $8.7M during last year same time.
- This reflects a disciplined refocus on profitable revenues, especially from the Critical Power Services business unit, adverse foreign exchange movements and a heightened focus on scaling up the Electric Vehicle business unit.
- Net after-tax loss from continuing operations decreased to $7.8M, as compared to a loss of $10.4M prior.
- "..following December 31, 2023, we achieved certain milestones required to proceed to a follow on strategic direct investment of $5 million into Tembo at a pre-money valuation of $120 million, from a private investment office based by a member of the ruling Al Maktoum family of Dubai." the company said.
- The stock price dropped 15% on Wednesday.
VivoPower down 15% after H1 highlights
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| Symbol | Last Price | % Chg |
|---|---|---|
| VVPR | - | - |
| VivoPower International PLC | ||