Adveritas Limited Hits Record Quarter Growth

Adveritas Limited (AU:AV1) has released an update.

Adveritas Limited is set to achieve a record June 2024 quarter, marking its third consecutive period of record cash receipts, totaling $2.05 million, driven by a 105% year-on-year growth. The company has made significant strides in the online gaming and sports betting sectors, with new and expanded contracts contributing to nearly $1.5 million in annualized revenue. These strong performance indicators, along with new agency partnerships and product enhancements, underscore Adveritas’s path toward cash flow positivity.

For further insights into AU:AV1 stock, check out TipRanks’ Stock Analysis page.