First Graphene reports moving towards profitability and expansion
First Graphene has announced progressive traction in their financial and operational performance for the quarter ending June 2024, with revenue reaching approximately AUD$125,000 (over USD$81,000), reflecting a diversifying clientele across various industries.
The Company is optimistic about FY2025, anticipating new product productions to drive them towards positive cash flow, bolstered by a 60% decrease in operational costs over the past four years.