Ansarada Group Ltd. (AU:AND) has released an update.
Ansarada Group Ltd. reports robust results for Q3 FY24, with an 18% revenue increase, a 97% surge in customer growth, and a strong cash flow, ending the quarter with $26.8 million in net cash. The company’s success in its ecommerce channel and strategic customer acquisitions has driven a 15% growth in annual recurring revenue and a positive outlook for continued financial growth in Q4. Ansarada’s focus on scalable, high-margin business with recurring revenue streams positions it well in the $50 billion addressable market.
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