• Revenue from continuing operations down 7% to $4.16 million
• Gross margin stable at 73%
• Operating expenses down 17% to $2.11 million
• Net loss reduced by 88% to $0.63 million

XPON Technologies Group Limited reported revenue from continuing operations of $4,161,566 for the half-year ending 31 December 2024, representing a 7% decline from the previous corresponding period. This revenue decrease was aligned with the company's sales strategy recalibration towards a higher base of Annualised Recurring Revenue for sustainable growth. The Group's gross profit and margin remained relatively stable, with a slight decrease in gross margin by 2 percentage points to 73%. This was due to a shift in revenue mix with a lower proportion of higher-margin licensing and lower margin earned on a portion of resold Google licenses. Total operating expenses from the continuing business were $2,109,777, representing a decrease of 17% over the previous corresponding six-month period. The decrease was in line with the restructure of the business to realign the cost base to market conditions and drive towards profitability. The Group reported a net loss of $632,523 for the half-year, an 88% improvement compared to the previous corresponding period. This was driven by the cost reduction initiatives implemented in May 2023 and October 2023, which resulted in annualised cost savings of around $7.4 million. The Group's financial position as of 31 December 2024 included net liabilities of $2,297,593 and cash of $5,464,083.