IMDEX (ASX: IMD) begins FY24 with a bang: Q1 revenue soars by 19%.

Mon 23 Oct 23, 11:58 AM | Team Kalkine

Image source: shutterstock.com

Highlights

An ASX-listed international mining-tech firm, IMDEX Limited (ASX: IMD) offers drilling optimisation products and connected sensors and enables real-time data & analytics. The company mainly caters to drilling contractors and resource companies.

In the financial year 2023, the company delivered a record revenue of AUD 411.4 million, 20.4% higher than the previous year. Itse group revenue includes 4-month contribution made by acquired entity – Devico. IMD also made a 40% strategic investment in Krux Analytics during the reported year.

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