FinTechFunding

EVE Investments: Increases revenue and cash balance in Q1 FY21

  • EVE Investments (EVE) has announced record results, increasing both its revenue and cash balance during the September quarter
  • Group unaudited revenues grew 23 per cent compared to the June quarter, to total $2.1 million – more than half of which comes from the U.S.
  • Additionally, EVE increased its cash balance from $5.1 million to $5.4 million in Q1 FY21
  • The company said the positive results come as global demand grows for its honey and tea tree products
  • Looking ahead, EVE advised it was on track for a bumper tea tree oil yield which will exceed the previous year’s harvest
  • Shares in EVE have ended the day steady, worth 1.2 cents
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Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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