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GSTechnologies Ltd. ( (GB:GST) ) has issued an update.
GSTechnologies Ltd reported a nearly nine-fold increase in revenue to $2.23 million for the six months ending September 2024, driven by growth in its neobanking and cryptocurrency initiatives. The company reduced its net loss significantly to $69,000, reflecting the success of its strategic initiatives, including key acquisitions such as Cake Pte. Ltd. and the planned NASDAQ listing of its cybersecurity subsidiary, Semnet, which could bolster its market positioning and create substantial growth opportunities.
More about GSTechnologies Ltd.
GSTechnologies Ltd is a fintech company focused on developing a borderless neobanking platform that provides next-generation digital money solutions. The company is actively expanding through organic growth and strategic acquisitions, with a particular emphasis on enhancing its GS20 Exchange platform and GS Money solutions.
YTD Price Performance: 33.33%
Average Trading Volume: 17,250,341
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £35.54M
See more insights into GST stock on TipRanks’ Stock Analysis page.
