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Ignite reports "very disappointing" FY23, and key contract loss
Ignite has today reported "very disappointing" results for the year to June, including a statutory loss of $1.5 million.
Revenue declined by 6.7% year-on-year to $106.6 million, while gross profit fell 8.7% to $12.2m.
"The Group incurred an underlying operating loss of $639k for FY23 versus an underlying operating profit of $530k in FY22," says executive director Cameron Judson, who has been acting as CEO since Tim Moran's departure in March...
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