An announcement from Hubify Ltd. ( (AU:HFY) ) is now available.
Hubify Ltd. announced its financial results for the first half of FY25, showing significant progress in its strategic goals. The company returned to positive EBITDA and operating cash flow, with a reduction in overheads by 37%, despite a 12% decrease in total revenue due to reduced hardware sales and exiting the call center lead generation business. This performance reflects the company’s strategic focus on scalable managed services business, yielding high recurring revenue and benefiting from cost optimization efforts. Hubify remains committed to organic growth and targeted acquisitions to strengthen its industry position.
More about Hubify Ltd.
Hubify Ltd. is a leading provider of ICT Managed Services and Cyber Security solutions catering to Australian businesses. The company focuses on delivering scalable managed services and professional technology advisory to small and medium-sized enterprises, emphasizing recurring revenue streams.
YTD Price Performance: 10.0%
Average Trading Volume: 525,463
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$4.09M
For a thorough assessment of HFY stock, go to TipRanks’ Stock Analysis page.