Vection Technologies Ltd. ( (AU:VR1) ) has provided an announcement.
Vection Technologies Ltd reported strong financial performance in Q3 FY25, with significant revenue growth and positive operating cash flow. The company achieved a 92% increase in cash receipts and improved its recurring revenue to 40% of total revenue. Notable achievements include QuestIT being recognized by Gartner, securing defense contracts, and expanding global distribution. The company also strengthened its board and continues to explore growth opportunities, positioning itself well for future expansion.
More about Vection Technologies Ltd.
Vection Technologies Ltd is an integrated XR company operating globally with offices in cities like Perth, Sydney, San Francisco, and Milan. The company focuses on providing innovative XR solutions, with a significant emphasis on AI-driven technologies, particularly through its subsidiary QuestIT. Vection Technologies serves various industries, including industrial, engineering, and telecommunications, and has established partnerships to expand its market reach.
YTD Price Performance: -33.33%
Average Trading Volume: 4,870,569
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$30.61M
See more data about VR1 stock on TipRanks’ Stock Analysis page.