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Why Did DXN’s Revenue Plunge 69% Despite a $12M Backlog?
9:24am on Friday 31st of October, 2025 AEDT
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Why Did DXN’s Revenue Plunge 69% Despite a $12M Backlog?
9:24am on Friday 31st of October, 2025 AEDT
Key Points
Q1 FY26 revenue down 68.8% to $0.94 million due to project deferrals
Strong total backlog of $11.9 million supports future growth
First DCaaS site construction completed; service fees to start November 2026
Cash balance of $2.4 million maintained despite negative operating cash flow
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