De.mem's remarkable September quarter performance

De.mem (ASX:DEM), a leader in industrial water and wastewater treatment, announced record results for the September Quarter 2024. The company reported the highest quarterly cash receipts to date, totaling approximately $7.44 million, marking a 23% increase from last year. They also achieved positive net operating cash flows of $82,000.

De.mem's strategic growth and future outlook

De.mem Limited has reported significant achievements in the September Quarter 2024, with record cash receipts and positive operating cash flows. The successful integration of recent acquisitions is contributing positively to cash receipts and margins. The company is on track for a record full-year performance for CY 2024, with strong recurring revenue providing cash flow visibility. De.mem's focus on technological advancement and strategic market expansion, including entry into the US market, underscores its robust business model. The company's consistent growth and strategic acquisitions are set to further enhance its position in the water and wastewater treatment industry.

Executive insights on De.mem's performance

We are very pleased with the company's record performance for the September Quarter 2024. The integration of our recent acquisitions, Border Pumpworks and Auswater Systems, has been successful, and our high recurring cash receipts continue to drive our growth. We remain confident in delivering a record year in 2024.