Halo Technologies Holdings Ltd ( (AU:HAL) ) has provided an update.
Halo Technologies Holdings Ltd reported a significant increase in revenue for the year ended December 31, 2024, with a 42% rise to $19,036,872. Despite this growth, the company experienced a substantial increase in losses, with a 102% rise in loss after tax to $14,543,762. The underlying EBITDA also saw a dramatic increase in negative figures, reflecting the company’s ongoing financial challenges. No dividends were declared, and the financial statements were audited with an emphasis on the company’s going concern status, indicating potential financial instability.
More about Halo Technologies Holdings Ltd
Halo Technologies Holdings Ltd operates in the technology industry, focusing on providing innovative technology solutions. The company is engaged in developing and delivering technology-driven products and services, aiming to enhance operational efficiencies and cater to a diverse market segment.
YTD Price Performance: -22.00%
Average Trading Volume: 27,361
Technical Sentiment Consensus Rating: Buy
For a thorough assessment of HAL stock, go to TipRanks’ Stock Analysis page.