Spenda Limited ( (AU:SPX) ) has shared an announcement.
Spenda Limited reported an 83% increase in revenue to $4.92 million for the half-year ending December 31, 2024, but also a 53% rise in net loss to $9.39 million. The company attributes the increased loss to non-cash expenses such as depreciation, amortization, and share-based payments. Despite the financial challenges, Spenda Limited has gained control over Limepay Pty Ltd, Limepay Credit Pty Ltd, and April Solutions Limited, which may impact its market positioning and operational strategy.
More about Spenda Limited
Spenda Limited operates in the financial technology sector, providing digital payment solutions and services. The company focuses on enhancing transaction efficiency and financial management for businesses through its innovative platforms.
Average Trading Volume: 2,033,035
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$36.92M
Learn more about SPX stock on TipRanks’ Stock Analysis page.
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