The latest update is out from Carly Holdings Limited ( (AU:CL8) ).
Carly Holdings Limited reported a 71% increase in revenue to $3.6 million for the financial year ending June 2024, despite a 33% rise in net loss to $4.18 million. The company’s net tangible assets per share decreased due to a capital raise and increased debt for vehicle acquisition, raising concerns about its ability to continue as a going concern.
More about Carly Holdings Limited
Carly Holdings Limited operates in the automotive industry, focusing on vehicle acquisition and leasing services. The company is involved in expanding its fleet to enhance its market presence.
YTD Price Performance: 30.0%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$3.49M
Find detailed analytics on CL8 stock on TipRanks’ Stock Analysis page.