tiprankstipranks
Adveritas Limited Reports Revenue Growth Amid Losses
Company Announcements

Adveritas Limited Reports Revenue Growth Amid Losses

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

Don't Miss our Black Friday Offers:

Adveritas Limited has reported a substantial 41% increase in revenue to $4.15 million for the fiscal year ending on 30 June 2024, compared to the previous year. Despite this growth, the company’s net loss increased by 6% to $11.59 million, and no dividends were declared for shareholders. The firm’s net tangible assets per share have decreased to a net liability position, primarily due to convertible loan notes maturing in April 2025.

For further insights into AU:AV1 stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Australian Auto-Generated NewsdeskAdveritas Limited Secures Strong Shareholder Support
TipRanks Australian Auto-Generated NewsdeskAdveritas Limited Shares Company Insights in New Presentation
TipRanks Australian Auto-Generated NewsdeskAdveritas Limited Reports Record Growth and Expansion
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App