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Adveritas Limited ( (AU:AV1) ) has shared an announcement.
Adveritas Limited has reported significant growth in its December 2024 quarterly report, with a notable 28% increase in quarterly cash receipts compared to the previous year and a record annualised recurring revenue of $7.8 million, largely driven by new and renewed contracts in sports betting. The company is positioned for continued growth with anticipated record results in the next quarter, bolstered by a new pricing structure and expanded market penetration in both sports betting and eCommerce sectors.
More about Adveritas Limited
Adveritas Limited operates in the technology sector, focusing primarily on providing services related to sports betting and online gaming. The company is also expanding its operations into the eCommerce sector, conducting significant trials across the United States and Europe, and is engaging in strategic agency partnerships.
YTD Price Performance: -6.00%
Average Trading Volume: 880
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €41.79M
Learn more about AV1 stock on TipRanks’ Stock Analysis page.
