Intouch Insight (TSE:INX) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Intouch Insight Ltd reported an 8% revenue increase to $25.4 million in 2023, with recurring revenues up 6%, despite a decrease in operating income and adjusted EBITDA due to a change in product mix and integration of new acquisitions. The company saw its eighth consecutive year of double-digit SaaS growth. Looking ahead, Intouch forecasts a revenue growth of 25-40% for 2024, banking on traditional business lines and contributions from the recently acquired Ardent.
For further insights into TSE:INX stock, check out TipRanks’ Stock Analysis page.
