Felix Group Holdings Ltd. (AU:FLX) has released an update.
Felix Group Holdings Ltd. has reported a record-breaking sales quarter, with significant growth in new and expanded contracts that showcase the escalating demand for their platform across various industries. The company has added $616k in new annual recurring revenue (ARR), reaching a total of $5.7 million for contractor ARR—a 42% increase year-on-year. With a robust net revenue retention of 114%, Felix Group is on a clear path to cash flow breakeven in the next quarter, signaling strong financial health and potential for investors.
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