Aferian plc (GB:AFRN) has released an update.
Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
Aferian plc, a B2B video streaming solutions provider, reports a challenging fiscal year for 2023 with total revenues dropping by 48% to $47.8 million, and a significant operating loss of $63.8 million due to a decrease in device sales and impairment charges. Amidst these challenges, the company’s software and services sector saw a revenue increase of 10%, and substantial cost-reduction measures have been implemented. Despite no dividend being proposed and an increase in net debt, Aferian secured loan facility extensions to stabilize its financial position.
For further insights into GB:AFRN stock, check out TipRanks’ Stock Analysis page.
