Ai-Media Technologies Limited (AU:AIM) has released an update.
AI-Media Technologies Limited has reported a robust financial performance for FY24, with a 7% increase in revenue to $66.2 million and a significant 24% rise in EBITDA to $4.1 million, driven largely by a 37% surge in technology revenue, including its flagship AI-powered LEXI product suite. The company has also seen improvements in gross profit margins, climbing to 64%, and maintains a strong cash balance of $10.9 million. This growth reflects AI-Media’s successful transition to AI solutions and sets a positive outlook for further expansion in the coming fiscal year.
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