Straker Translations Ltd. (AU:STG) has released an update.
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Straker Translations Ltd. anticipates a revenue decline to $43-45 million in FY25, down from $50 million in FY24, largely due to non-renewal of contracts in Europe. Despite this, the company remains confident in maintaining strong gross margins and achieving positive Adjusted EBITDA, fueled by their AI-driven solutions. Straker continues to invest in AI technology to enhance profitability and meet the growing demand for AI-powered translation services.
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