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An announcement from 1st Group Ltd. ( (AU:VFX) ) is now available.
Visionflex Group Limited reported a 114% increase in Annual Recurring Revenue (ARR) to $1.6 million by the end of December 2024, alongside a significant reduction in legacy debt from $6.8 million to $2 million. Despite a 42% decline in H1 FY25 revenue due to the absence of large one-off hardware sales, Visionflex aims to reach EBITDA profitability by Q4 FY25, supported by a $25 million sales pipeline. The company continues to expand in its core markets, demonstrating a growing demand for its virtual healthcare solutions. The reduction in debt facilities and increased ARR highlight Visionflex’s improved financial position and its strategic shift towards more sustainable revenue streams.
More about 1st Group Ltd.
Visionflex Group Limited is a leader in virtual healthcare solutions, offering an integrated hardware and software platform that enables healthcare providers to deliver comprehensive and collaborative care in real time. Its market focus includes metropolitan health networks and community-based care, aiming to reshape healthcare delivery by connecting teams with necessary tools and technology for efficient and high-quality care.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$10.1M
For a thorough assessment of VFX stock, go to TipRanks’ Stock Analysis page.
