essensys PLC (GB:ESYS) has released an update.
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essensys PLC, a leader in flexible workspace technology, reports a positive full-year financial update for FY24, with revenue, EBITDA, and cash surpassing market expectations and setting the company on a path to profitability and cash generation in FY25. The company’s year-end cash position benefited significantly from operational efficiencies and an R&D tax credit, while the successful transition to its SaaS product, essensys Platform, and the signing of two major contracts are set to boost future revenues. Despite challenging market conditions, essensys remains confident in its strategy and upcoming performance.
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