EVZ Limited reported the financial results for the six months ended 31 December 2022

EVZ Limited (ASX: EVZ) announced its 1HFY23 results as follows:

• The company reported its revenue of AU$49.0 million in 1HFY23, an increase of 69% from 1HFY22, as it experienced growth in all end markets.
• The company's operational positive cash flow for the period was AU$5.6 million, driven by advance payments on ongoing contracts.
• Its balance sheet continues to strengthen. As of December 31, 2022, it had AU$12.9 million in cash and cash equivalents with zero drawn debt.
• EVZ maintains a healthy contractual backlog position above AU$90 million and wins new contracts consistently.
• For FY23, the company is expecting its revenue to be greater than 30% above FY22 levels.

Customer Notice:

Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.

Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com