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IXUP Accelerates Growth with Major Ontario Contract and Eyes Cash Breakeven in 2025
11:50am on Thursday 30th of January, 2025 AEDT
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IXUP Accelerates Growth with Major Ontario Contract and Eyes Cash Breakeven in 2025
11:50am on Thursday 30th of January, 2025 AEDT
Key Points
Secured largest contract with iGaming Ontario (CAD$9.5M over 5 years)
Quarterly cash receipts steady at $1.95 million with expected growth through 2025
Implemented $2.7 million in annualised cost savings to optimize operations
Operating cash outflow reduced to $0.8 million after one-off adjustments
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