Qoria Ltd. ( (FMZNF) ) has released its Q2 earnings. Here is a breakdown of the information Qoria Ltd. presented to its investors.
Qoria Ltd. is a technology company specializing in cyber safety, offering a unique ecosystem-based approach to protect children online, with operations spanning across various global markets. In its latest half-year earnings report, Qoria Ltd. reported a significant improvement in financial performance, with total revenue increasing by 14% to $55.6 million and a notable reduction in net loss before tax to $13.4 million from $35.2 million in the previous year. Key highlights include achieving positive free cash flows for the first time, a 26% increase in Annual Recurring Revenue to $132 million, and the strategic acquisition of Octopus BI to enhance data analytics capabilities. Looking forward, Qoria Ltd. remains focused on expanding its product offerings and market presence, aiming to become a global leader in online safety tools and advice, while continuing to drive profitability through effective cost management and strategic growth initiatives.