4 Global Plc (GB:4GBL) has released an update.
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4GLOBAL PLC, a UK-based tech firm serving the sports and fitness sector, has reported a robust 14% revenue increase to £6.4m for FY23/24, outperforming market expectations with an approximately 30% rise in adjusted EBITDA to £1.6m. The company’s strategic expansion into international markets and a shift towards higher-margin Solutions and Platform revenue have fueled this growth. Looking forward, 4GLOBAL anticipates continued revenue and margin growth in FY24/25, backed by a strong product pipeline.
For further insights into GB:4GBL stock, check out TipRanks’ Stock Analysis page.
