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archTIS Ltd. Reports Strong Q1 Sales and Growth
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archTIS Ltd. Reports Strong Q1 Sales and Growth

archTIS Ltd. (AU:AR9) has released an update.

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archTIS Ltd. has reported strong first-quarter sales of $3.8 million, driven by significant contracts with the Australian Department of Defence. The company’s annual recurring revenue increased by 16%, while operational expenses decreased, contributing to a healthy gross margin of 75%. With the launch of the archTIS Trusted Data Integration solution, the company is expanding its footprint in the structured data security market.

For further insights into AU:AR9 stock, check out TipRanks’ Stock Analysis page.

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