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An announcement from AD1 Holdings Ltd ( (AU:AD1) ) is now available.
AdNeo Limited reported a positive operating cash flow for the second consecutive quarter, driven by a 21% increase in cash receipts and a 23% reduction in operational costs. The company signed new SaaS contracts and achieved significant growth in services receipts, with Art of Mentoring becoming the only Australian-owned mentoring platform with ISO 27001 certification. The acquisition of Learnt Global is ahead of schedule, with cost synergies already realized, and a $5.5 million capital raise has been announced to support growth initiatives.
More about AD1 Holdings Ltd
AdNeo Limited, trading as AdNeo (ASX:AD1), is a company that acquires, owns, and manages high-growth businesses in the SaaS and Innovative Services sectors. The company focuses on AI-driven workforce transformation technologies and operates three market-leading businesses: Art of Mentoring, ApplyDirect, and Oliver Grace. AdNeo is also in the process of acquiring Learnt Global.
Average Trading Volume: 131,720
Technical Sentiment Signal: Sell
Current Market Cap: A$7.32M
See more data about AD1 stock on TipRanks’ Stock Analysis page.
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