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ReadCloud Ltd. ( (AU:RCL) ) has provided an announcement.
ReadCloud Limited has notified its shareholders about the expiration of unlisted options approaching on March 1, 2025. The company emphasizes its strong financial performance, with revenue growth of 15% and cost reductions of 6% in FY24, along with a positive operating cash flow. ReadCloudVET is expected to grow by 25% this year, and the company boasts a customer retention rate of 93%. The expanding market opportunities are underscored by the scalability of its technology and a large addressable market in education. ReadCloud is now self-funding its working capital needs, and additional capital can boost sales and product enhancements.
More about ReadCloud Ltd.
ReadCloud Limited is a leading provider of eLearning software solutions and training for schools and educational institutions. Its eReader platform offers an engaging learning environment with interactive digital content and features such as social annotations and text-to-speech in 120 languages. ReadCloud also operates ReadCloudVET, delivering vocational education and training to secondary school students in Australia, and collaborates with Southern Solutions Training Services for flexible training models in various industries.
YTD Price Performance: 23.75%
Average Trading Volume: 73,226
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$14.62M
For a thorough assessment of RCL stock, go to TipRanks’ Stock Analysis page.
