HitIQ Limited Achieves Strong Revenue Growth and Loss Reduction

HitIQ Limited (AU:HIQ) has released an update.

HitIQ Limited has reported a significant 45% increase in revenues for the financial year ended 30 June 2024, outperforming the previous year’s 25% revenue growth. The company has also successfully reduced its net loss by 36.38%, despite declaring no dividends for the interim or final periods, attributing the revenue growth to the expected R&D tax incentive reported as revenue.

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