Dropsuite Achieves Record Growth and Revenue

Dropsuite (AU:DSE) has released an update.

Dropsuite Limited reports a robust financial performance with a 31% increase in Annual Recurring Revenue (ARR) to $39.9 million, along with a record surge in user growth adding 112k new seats, reaching a total of 1.35 million paid users. The company also highlights a stable product gross margin of 69% and a cash flow of $0.54 million from operating activities for Q2 FY24, showcasing strong market position and future growth optimism.

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