Ava Risk Group Ltd. (AU:AVA) has released an update.
Ava Risk Group Ltd. has reported a strong Q3 FY2024 with a 15% increase in year-to-date sales orders, totaling $26.6 million, and a major supply agreement with Telstra Group that positions the company for growth in the telecommunications sector. The company also completed a $3 million institutional placement and offered a share purchase plan to bolster its balance sheet. With a $8.3 million sales order backlog, two thirds of which is expected to convert to revenue within the current fiscal year, Ava reaffirms its second half revenue guidance of $16 to $20 million.
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