Atomos Ltd. (AU:AMS) has released an update.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Atomos Ltd. reported a 6% year-over-year increase in Q1 FY25 sales, reaching $9.3 million, driven by strong performance of its new Shinobi II product. Despite initial delays, the launch of the Ninja Phone and SunDragon is expected to bolster future sales, and the company achieved an improved gross profit margin of 43.1%. With restructuring efforts mostly complete and legal disputes settled, Atomos is poised for growth with a focus on expanding its market reach among content creators.
For further insights into AU:AMS stock, check out TipRanks’ Stock Analysis page.