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Infomedia Ltd ( (AU:IFM) ) just unveiled an announcement.
Infomedia Ltd announced its financial results for the six months ended December 31, 2024, showing a 2% increase in revenue to $71.2 million and an 11% rise in NPATA to $10.5 million. Despite the challenging macro environment in the automotive industry, the company demonstrated resilience through its diversified business model and robust financial standing, with a strong balance sheet and no debt. Key initiatives included strengthening leadership in EMEA and Americas, bolstering R&D capacity, and acquiring a 50% stake in the European AI startup Intellegam to accelerate innovation. The company remains focused on product innovation and expansion, aligning with its strategic goals of transitioning to the Scale phase.
More about Infomedia Ltd
Infomedia Ltd is a leading global provider of automotive Data as a Service (DaaS) and Software as a Service (SaaS) solutions. The company empowers the data-driven automotive ecosystem, focusing on delivering innovative technology and data solutions to support the automotive industry.
YTD Price Performance: -5.84%
Average Trading Volume: 296,070
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$544.9M
For detailed information about IFM stock, go to TipRanks’ Stock Analysis page.
