Revenue for the full year stood at $49.1 million, up 18% from $41.8 million due to higher contributions from the group’s Singapore, China and Taiwan operations.
In line with the higher revenue, cost of revenue grew 19% to $37.5 million from $31.6 million previously.
Segment results from distributions & services solutions (DSS) improved to $3.8 million from $2.8 million a year ago.
Meanwhile, non-current assets fell by 28% to $44.5 million from $62.1 million a year ago, as property, plant & equipment, intangible assets and deferred tax assets fell due to the sale of SV Probe’s subsidiaries.
In all, total current assets fell by a marginal 2% supported by growth in in cash and cash equivalents, which increased to $73.2 million as at end-June from $53.8 million a year ago.
Going forward, Ellipsiz says it will remain vigilant of its operating environment while, at the same time, keeping a lookout for new growth opportunities to create more value for its shareholders.
Shares in the group closed 1.11% higher at 46 cents on Monday.
