Blis Technologies has upgraded its earnings guidance for the 2024 financial year, citing various factors that have contributed to better-than-expected results.
The company now expects revenue of $11.5 million and EBITDA of $800,000 for the 12 months ended March 31 2024.
This is an increase from the previous guidance of around $11m in revenue and EBITDA of breakeven to $300,000, which was provided in February.
Blis Technologies attributed the improved outlook to the favourable timing of major customer orders, increased sales across its business-to-business channels, and lower-than-anticipated research and development expenditure.
The company's annual report and financial statements are set to be released in late May.
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