De.mem Ltd. Reports 16% Increase in Half-Year Revenues to 15.7 Million AUD, Achieves 25th Consecutive Quarter of Growth
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De.mem Ltd. reported a 16% increase in half-year revenues to 15.7 million AUD, marking its 25th consecutive quarter of growth. The company achieved operational cash flow of 533,000 AUD, with over 90% of revenue recurring. CEO Andreas Kröll credits the success to a solid business model. De.mem's cash reserves rose from 3.7 million AUD to 4.0 million AUD, and a capital increase in February 2024 raised 2.2 million AUD for acquisitions. The company focuses on the Australian market, driven by technology from Singapore, and is positioned for further growth.
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