CurveBeam AI Ltd.: Reduced Losses Despite Revenue Dip

Curvebeam AI Ltd. (AU:CVB) has released an update.

CurveBeam AI Limited reported a decrease in revenues and a significant reduction in losses for the fiscal year ending June 2024. The company’s revenues dropped by 19% to $6.5 million, while losses after tax were cut by 55%, resulting in a $23.1 million loss compared to the previous year’s $51.2 million. Additionally, the company acquired control over CurveBeam AI Germany GMBH in February 2024 and did not pay out any dividends during the period.

For further insights into AU:CVB stock, check out TipRanks’ Stock Analysis page.