Hexima Limited has released its preliminary final report for FY23, showcasing a revenue drop of 74% to $1.485 million, from $5.811 million in 2022.

Meanwhile, the company's net loss decreased by 81% to $1.919 million.

Hexima also revealed a decline in its net tangible assets per security, dropping from 2.73 cents in 2022 to 1.67 cents.

No dividends have been declared or paid by the company since the start of the current reporting period.