Intelligent Monitoring Group Limited (AU:IMB) has released an update.
Intelligent Monitoring Group Limited has announced a significant profit upgrade for FY24, with expected underlying EBITDA now forecasted to be between $32.0-32.5m, up from the earlier estimate of $29.8m. The optimism follows the successful acquisition and integration of ADT and Signature Security, positioning IMG as the largest security monitoring business in Australasia. The company is preparing for the Sybersense rollout and anticipates further growth and technological advancements in the coming years.
For further insights into AU:IMB stock, check out TipRanks’ Stock Analysis page.