Mind Gym (GB:MIND) has released an update.
Mind Gym PLC faced a challenging financial year with an 18% revenue decrease and a significant loss before tax, attributed to macroeconomic headwinds and a shift in client spending, particularly in the US. Cost reduction strategies led to improved H2 performance, and with a new CEO at the helm, the company is focusing on a growth strategy to enhance ease of purchase, delivery, and renewal of its solutions. Despite current challenges, Mind Gym is optimistic about returning to historic performance levels and achieving a 10% CAGR in the medium term.
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