tiprankstipranks
Company Announcements

EVZ Limited Reports 9% Revenue Decline in 1HFY2025 Amid Delayed Contracts

Story Highlights
EVZ Limited Reports 9% Revenue Decline in 1HFY2025 Amid Delayed Contracts

EVZ Limited ( (AU:EVZ) ) has issued an update.

EVZ Limited reported a 9% decline in revenue for the first half of FY2025 compared to the previous year, attributed to delayed new contract commencements. Despite the drop in earnings, the company remains optimistic about future prospects due to recent contract wins and a strong backlog. The company’s balance sheet is robust, with net assets of $34 million, no debt, and a cash balance of $10.7 million, suggesting strong financial stability.

More about EVZ Limited

YTD Price Performance: 21.88%

Average Trading Volume: 56,441

Technical Sentiment Consensus Rating: Sell

Current Market Cap: A$24.28M

For detailed information about EVZ stock, go to TipRanks’ Stock Analysis page.

Questions or Comments about the article? Write to editor@tipranks.com
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1