Adslot Ltd (AU:ADS) has released an update.
Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
Adslot Ltd has implemented significant cost-cutting measures and restructuring, including reducing its workforce and overhead costs, to strengthen its financial position. The company reported a 20% increase in quarterly transaction value and secured new partnerships with major media companies like Hearst UK and GroupM, enhancing its digital advertising sales gateway. Adslot also raised $2.02 million through an Entitlement Offer and appointed Andrew Dyer as Executive Chairman to steer its strategic initiatives.
For further insights into AU:ADS stock, check out TipRanks’ Stock Analysis page.