The latest announcement is out from IODM Ltd. ( (AU:IOD) ).
IODM Ltd. reported a 23% increase in revenues from continuing operations for the half-year ending December 31, 2024, reaching AUD $1,858,000. Despite this growth, the company experienced a slight decrease in net loss by 0.69% to AUD $1,225,000. The company also announced the loss of control over its Singapore and Hong Kong entities, which may impact its international operations. Additionally, the audit opinion raised concerns about the company’s ability to continue as a going concern, which could have implications for stakeholders.
More about IODM Ltd.
IODM Ltd. operates in the financial technology industry, providing innovative solutions for accounts receivable management. The company focuses on enhancing cash flow and financial efficiency for businesses through its digital platform.
YTD Price Performance: -6.25%
Average Trading Volume: 82,405
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$92.01M
For a thorough assessment of IOD stock, go to TipRanks’ Stock Analysis page.
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