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Cape Range Ltd. ( (AU:CAG) ) has issued an update.
Cape Range Ltd reported a strong December 2024 quarter with Biztrak generating significant revenue increases due to product improvements and the Malaysian e-invoicing rollout. The company is exploring potential transactions to enhance its scale and diversify its operations, which resulted in higher professional costs. Despite this, the overall cash outflow decreased in 2024, and the company closed the year with a solid cash position. With ongoing enhancements to its software products and a focus on e-invoicing compliance, Biztrak is well-positioned to capitalize on increased demand in the coming quarters.
More about Cape Range Ltd.
Cape Range Ltd operates through its subsidiary Biztrak Business Solutions Sdn Bhd, which is a software development and distribution company based in Malaysia, focusing on accounting and warehouse management systems across Asia.
YTD Price Performance: -12.73%
Average Trading Volume: 19,456
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$9.11M
See more data about CAG stock on TipRanks’ Stock Analysis page.
