Nexteq’s FY24 results show FY24 revenue in line with the January trading update at $86.7m, net cash in line at $29.1m, and a promising outlook that leads us to reiterate our FY25-27E forecasts. As previously highlighted, FY24 trading was impacted by the normalisation of customer inventory levels across the industry, macro conditions including higher interest rates lowering customer confidence, and customer project launches moving into FY25 with last time buy situations in FY23. Management has ri ....