The latest update is out from FINEOS Corporation Holdings Plc Shs Chess Depositary Interests Repr 1 Sh ( (AU:FCL) ).
FINEOS Corporation Holdings PLC reported a 6.9% increase in total revenue for FY24, reaching €133.2 million, driven by a rise in subscription revenue and successful client scaling. The company achieved significant operational milestones, including the launch of FINEOS AdminSuite at Guardian Life and voluntary benefits at New York Life. FINEOS also completed a SaaS rewrite of its New Business & Underwriting product, enhancing its market offerings. Despite a net loss of €5.8 million, the company improved its EBITDA margin to 15.2% and is on track for positive free cash flow in FY25. These developments underscore FINEOS’s strategic focus on subscription-based revenue and operational efficiency, positioning it strongly in the insurance technology market.
More about FINEOS Corporation Holdings Plc Shs Chess Depositary Interests Repr 1 Sh
FINEOS Corporation Holdings PLC is a leading provider of core systems for life, accident, and health insurance carriers globally. The company focuses on delivering solutions that enhance the efficiency and effectiveness of insurance operations, particularly in the employee benefits market.
YTD Price Performance: -4.89%
Average Trading Volume: 163,447
Technical Sentiment Consensus Rating: Hold
Current Market Cap: A$592.1M
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