ActiveOps plc (GB:AOM) has released an update.
ActiveOps plc reports a robust full-year trading update for FY 2024, with a 5% increase in revenue to £26.8m, significantly higher adjusted EBITDA at £2.2m, and a strong cash position of £17.6m. SaaS revenue grew by 11% on a constant currency basis, while the company’s Annual Recurring Revenue (ARR) saw a 14% rise, signaling a positive outlook for the upcoming year. The company is poised for further growth, driven by new customer acquisitions, successful product launches such as ControliQ Series 3, and strategic leadership appointments.
For further insights into GB:AOM stock, check out TipRanks’ Stock Analysis page.
