Adveritas Limited Reports Record Quarterly Growth

Adveritas Limited (AU:AV1) has released an update.

Adveritas Limited showcases robust financial performance in the June 2024 quarter, with record customer receipts of $2.05 million, marking a staggering 224% year-on-year increase. The company’s customer base grew by 22% to 303 customers, buoyed by new product capabilities in fraud detection and a strong growth outlook in sports betting and gaming sectors. Adveritas anticipates further growth, with a clear trajectory towards operating cash flow positivity driven by its expanded client portfolio and product enhancements.

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