Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
1st Group Ltd. ( (AU:VFX) ) has shared an update.
Visionflex Group Limited reported an 8% increase in Annual Recurring Revenue (ARR) to $1.6 million in Q2 FY25, marking a 114% rise from the prior comparison period. Although Q2 revenue of $0.9 million was down 11% from Q1, the company secured key contracts, including a reseller agreement with Spark Health in New Zealand, a three-site trial in the Indigenous Wellness Connect initiative, and an agreement with BUPA to supply equipment to aged homes. Despite delays in the procurement process, Visionflex anticipates reaching EBITDA profitability in Q4 FY25 by continuing to grow its pipeline and secure large enterprise sales.
More about 1st Group Ltd.
Visionflex Group Limited is a leader in virtual diagnostic healthcare technology solutions. The company offers an integrated hardware and software platform that enables healthcare providers to deliver comprehensive and collaborative care in real time, regardless of location. Visionflex focuses on reshaping healthcare delivery by connecting healthcare teams with the necessary tools and technology to provide effective, 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.
