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An announcement from Aferian plc ( (GB:AFRN) ) is now available.
Aferian plc reported a significant decline in revenue for the year ending November 2024, with a 45% drop to $26.3 million compared to the previous year. Despite this, the company achieved a turnaround in the second half of the year, returning to positive Adjusted EBITDA and cash generation due to cost reduction measures and increased sales orders. The company is optimistic about FY2025, expecting over 10% revenue growth and positive free cash flow, supported by new customer wins and ongoing discussions to extend debt facilities.
More about Aferian plc
Aferian plc is a B2B video streaming solutions company that provides end-to-end solutions for live and on-demand video delivery across various screens. The company focuses on innovating technologies to enhance subscriber engagement and audience satisfaction, catering to the evolving demands of media companies and services. Aferian operates through two divisions: 24i, which specializes in streaming video experiences, and Amino, which connects Pay TV to streaming services. Headquartered in Cambridge, UK, Aferian serves a global customer base of over 500 service providers.
YTD Price Performance: -43.75%
Average Trading Volume: 41,248
Technical Sentiment Signal: Strong Buy
Current Market Cap: £2.5M
For detailed information about AFRN stock, go to TipRanks’ Stock Analysis page.