Spectur Ltd. ( (AU:SP3) ) just unveiled an announcement.
Spectur Ltd reported a 7% increase in operating revenue to $4.46 million for the half-year ended December 31, 2024, compared to the previous year. The company also improved its net profit after tax, reducing its loss to $157,000 from $678,000. Subscription and rental revenues saw notable growth, contributing to a total recurring revenue of $3.082 million, which accounts for nearly 70% of total revenues. The company’s gross profit increased by 17%, and cash reserves improved, indicating a stronger financial position.
More about Spectur Ltd.
Spectur Ltd operates in the technology industry, focusing on providing surveillance and security solutions. The company offers products and services such as subscription-based surveillance systems, rental services, and field services, with a significant emphasis on generating recurring revenue.
YTD Price Performance: -35.00%
Average Trading Volume: 392,637
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$4.01M
See more insights into SP3 stock on TipRanks’ Stock Analysis page.
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