Skillcast Group Plc Announces Strong H1 Growth

Skillcast Group Plc (GB:SKL) has released an update.

Skillcast Group Plc reports a robust first half of 2024 with revenues climbing to £6.4 million, marking a 23% increase from the previous year, driven largely by a surge in subscription revenues. The company’s Annualised Recurring Revenue (ARR) also rose by 27% to £10.3 million, bolstered by new plan introductions and a strategic price increase. Skillcast anticipates returning to profitability with a notable EBITDA profit, contrasting sharply with the prior year’s loss, and is optimistic about future profitability and growth.

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