Dropsuite ( (AU:DSE) ) has issued an update.
Dropsuite Limited reported a 34% increase in revenue to $41.2 million for the year ending December 2024, driven by a significant expansion in its customer base. The company added 483,000 paid users, resulting in a 42% year-over-year increase in user numbers. Despite a decrease in EBITDA to $0.4 million due to reinvestment and non-cash expenses, Dropsuite maintained positive cash flow and profitability. The board has recommended shareholders accept an all-cash acquisition offer from NinjaOne LLC, which is expected to enhance Dropsuite’s global capabilities and solutions.
More about Dropsuite
Dropsuite Limited is a global provider of cloud backup and archiving software. The company focuses on offering scalable and sustainable solutions for data protection and management, primarily through a partner-based reseller model.
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $256.1M
Learn more about DSE stock on TipRanks’ Stock Analysis page.