Genetic Technologies Revenue As Of Dec. 31 2023 Stands At AUD3.96M Lower Than AUD4.15M YoY, Cash Receipts Totaling AUD5.6M For The Half Year Ending December 2023
Portfolio Pulse from Benzinga Newsdesk
Genetic Technologies reported a revenue of AUD3.96M for the period ending Dec. 31, 2023, a decrease from AUD4.15M year-over-year. The company also announced cash receipts of AUD5.6M for the half-year ending December 2023.
February 23, 2024 | 10:09 am
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Genetic Technologies reported a decrease in revenue to AUD3.96M from AUD4.15M year-over-year, with cash receipts totaling AUD5.6M for the half-year ending December 2023.
The decrease in revenue year-over-year indicates a slight downturn in the company's financial performance, which could negatively impact investor sentiment and the stock price in the short term. However, the increase in cash receipts could suggest a positive outlook on cash flow, potentially mitigating some negative impacts.
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IMPORTANCE 80
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