NamSys ( (TSE:CTZ) ) has provided an update.
NamSys Inc. reported strong financial performance for fiscal 2024, with a 12% increase in revenue to $6.84 million and a 29% rise in net income to $2.09 million. The company also announced the election of Nicole Sparks as the Non-Executive Chair of the Board, following the retirement and passing of her father, K. Barry Sparks. This leadership change, along with the fiscal results, underscores NamSys’s robust market position and commitment to shareholder returns, as evidenced by the special dividend and share buyback initiatives.
More about NamSys
NamSys Inc. is a prominent provider of technology solutions for cash processing and transportation, offering products designed to enhance efficiency in handling currency and value instruments. The company’s proprietary systems are sold as software-as-a-service subscriptions and operate in the public cloud, targeting retailers, financial institutions, and cash-in-transit providers.
YTD Price Performance: -6.45%
Average Trading Volume: 17,440
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: C$31.16M
See more insights into CTZ stock on TipRanks’ Stock Analysis page.