Spirit Technology Solutions Ltd. (AU:ST1) has released an update.
Spirit Technology Solutions forecasts a significant increase in revenue and earnings for FY25, projecting revenue between $150 million and $160 million with an uEBITDA of $9.5 million to $10.5 million. This optimistic guidance follows a record sales quarter in Q4 FY24 and a strong finish to the year, with annual recurring revenue now exceeding $70 million. The company will present audited FY24 results on August 23, 2024, with a detailed investor briefing to follow.
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