Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
Crowd Media Holdings Limited ( (AU:UNT) ) has issued an update.
Unith Ltd has announced a strategic business update involving the partial divestment of its stake in AudioStack, raising US$500k to strengthen its cash position and support growth initiatives. Despite this divestment, Unith will maintain its collaboration with AudioStack, highlighting its commitment to the AI audio technology. The company has also renewed a contract with the Alliance for Public Health, highlighting the success of its TWIIN Digital Assistant, which has gained global recognition for its impact on healthcare delivery in crisis settings. This renewal and expansion into new markets, including Moldova and Georgia, underscore Unith’s strategic efforts to enhance its digital services. Additionally, Unith’s B2C subscription division has shown significant growth, with December 2024 quarterly revenue reaching A$1.15 million, marking the highest quarterly revenue in two years and a subscriber base of over 700,000 active users.
More about Crowd Media Holdings Limited
Unith Ltd is a company operating in the technology sector, focusing on AI audio production and digital assistant services. Its primary products include the AudioStack AI audio technology and the Digital Human platform, with a market focus on business-to-business and business-to-consumer subscription services across multiple regions.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €8.83M
Learn more about UNT stock on TipRanks’ Stock Analysis page.
