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Fadel Partners, Inc. ( (GB:FADL) ) just unveiled an update.
FADEL Partners, Inc. has announced a trading update for FY24, reporting a 10% increase in annual recurring revenue (ARR) to $9.9 million, despite a 10% decrease in overall revenue. The company attributed the revenue drop to a one-time timing uplift in the previous year and noted successful expansions in its recurring revenue base, securing 12 new clients for its IPM Suite and Brand Vision offerings. FADEL has implemented a cost-restructuring initiative that resulted in significant savings and exceeded LBITDA and cash forecasts. The company is confident in capturing growth opportunities in FY25 and has engaged a U.S. investment bank to explore strategic options to unlock additional shareholder value. The board has also undergone restructuring to support these initiatives, with changes designed to enhance executive support and operational efficiency.
More about Fadel Partners, Inc.
FADEL Partners, Inc. is a developer of cloud-based brand compliance and rights and royalty management software. The company serves leading licensors and licensees across media, entertainment, publishing, consumer brands, and hi-tech/gaming industries. FADEL offers two main solutions: the IPM Suite for rights and royalty management, and Brand Vision for brand compliance and monitoring, featuring digital asset management and AI-powered content tracking. Headquartered in New York, FADEL operates primarily in the United States with additional offices in the UK, France, Lebanon, Jordan, and India.
YTD Price Performance: -7.14%
Average Trading Volume: 1,307
Technical Sentiment Consensus Rating: Buy
For a thorough assessment of FADL stock, go to TipRanks’ Stock Analysis page.
