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AVAX One Technology made $49.9 million last quarter, bouncing back from a loss a year ago.

ResultsRead the original at globenewswire.com
Good for AVX

AVAX One's revenue rose more than fourfold, and it reported net income after a year-earlier loss. It also retired convertible debt, making the report favorable for the company.

AVX · AVAX One Technology Ltd.

AI read · Good for AVX

The AI's read

Stronger sales and reported profit point to better results for AVAX One. The debt payoff leaves less convertible debt to repay, and the share buyback reduces shares outstanding. The company also had about $30.4 million left in its buyback program, though that does not guarantee further purchases.

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