Vection Technologies Ltd. ( (AU:VR1) ) has shared an announcement.
Vection Technologies Ltd reported strong financial results for the first half of the fiscal year 2025, with a 15% increase in revenue to $12.6 million and a significant improvement in EBITDA. The company’s earnings per share improved by 63%, and total debt was reduced by $5.4 million compared to the previous year. The recent acquisition of The Digital Box, which was not included in these results, would have further increased revenue to $16.3 million, indicating a 49% growth. This acquisition is expected to enhance Vection’s recurring revenue stream, which currently accounts for 34% of total revenue, potentially strengthening its market position and operational efficiency.
More about Vection Technologies Ltd.
Vection Technologies Ltd is an integrated extended reality (XR) company with a global presence, including offices in Perth, Sydney, San Francisco, Milan, Bologna, Rome, Bari, Abu Dhabi, and Ahmedabad. The company focuses on leveraging XR technologies to enhance business operations and solutions.
YTD Price Performance: -23.33%
Average Trading Volume: 8,184,237
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: A$35.01M
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