De.mem Ltd. (AU:DEM) has released an update.
De.mem Limited has announced a record-breaking March quarter in 2024 with cash receipts hitting $6.6 million, marking a 14% increase from the previous year and demonstrating 20 consecutive quarters of growth. With a strategic entry into the $12 billion domestic water filtration market and over 90% recurring cash receipts, the company anticipates a strong performance for the remainder of the year, further strengthened by the expected revenues from North America and other markets.
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