IODM Ltd. (AU:IOD) 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
IODM Ltd., a provider of cloud-based cash flow management solutions, has reported a strong financial performance for FY2024, with a 63% increase in group revenue to $2.6 million and customer receipts up by 87%. Notably, the company has expanded its UK education sector presence, resulting in revenue growth of 195% from strategic partnerships. Despite a net loss of $3.1 million due to expansion costs, IODM is optimistic about future growth, having raised $1.7 million post-year-end to further its global education initiatives.
For further insights into AU:IOD stock, check out TipRanks’ Stock Analysis page.