RAS Technology Soars with Record FY24 Revenue

RAS Technology Holdings Limited (AU:RTH) has released an update.

RAS Technology Holdings Limited reported a substantial financial growth for FY24 with a record revenue of $16.2 million, marking a 38% increase from the previous year. The company’s EBITDA also rose to $1.9 million from $0.3 million, and they secured significant partnerships, notably with Stake.com and Playbook Engineering. This performance and their strong cash balance of $8.3 million set the stage for optimistic projections into FY25.

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