Bridge SaaS Limited Faces Revenue Decline and Increased Loss

Bridge SaaS Ltd. (AU:BGE) has released an update.

Bridge SaaS Limited reports a significant 21.42% drop in annual revenues and a 50.29% increase in losses for the financial year ending June 30, 2024, with no dividends paid to shareholders. The company attributes the decline in revenue to ended contracts and has taken cost-saving steps, notably in marketing and technical contractor expenses. Additionally, Bridge SaaS Limited has completed the acquisition of a majority stake in Brightside Disability Support & Respite Pty Ltd, marking a strategic move for the future.

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