Modular data centre manufacturer and operator DXN has reported growth and cost reductions during the March quarter as it continues to execute its business plan.
Cash receipts from customers were up $1.4 million on the previous corresponding period to $2.1 million.
Staff numbers were reduced and the Board trimmed from six members to three, saving $645,000 in the quarter.
DXN’s costs are now $200,000 a month below their level before the onset of the Covid-19 pandemic.
Sales highlights in the quarter were:
# A $740,000 modular data centre to Australian Gas and Infrastructure Group
# A $720,000 subsea cable landing centre to telecommunication Tokelau Corporation
# and a DC maintenance contract with Synergy and a colocation services agreement with BCA.
During the March quarter the company received a $40,000 export grant from the government, and annunced an entitlement issue of shares to raise $5.9 million.
Picture: DXN/data centre modules
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