Felix Group Holdings Ltd. (AU:FLX) has released an update.
Felix Group Holdings Ltd. reported a robust third quarter in FY24, with a record Contractor Annual Recurring Revenue (ARR) of $5.3m, marking a 45% increase year-on-year, and the addition of five new contractors across various sectors. The company also celebrated three contract expansions contributing to a high Net Revenue Retention rate of 115%, indicating strong customer retention and account growth. These positive results have set Felix on course to achieve operating cash flow breakeven by the first quarter of FY25.
For further insights into AU:FLX stock, check out TipRanks’ Stock Analysis page.
