An announcement from Ai-Media Technologies Limited ( (AU:AIM) ) is now available.
Ai-Media Technologies Limited reported a 2.9% decline in revenue to $31.8 million for the half-year ended December 2024, attributed to the decline in its legacy services business. Despite growth in its SaaS revenue, the company’s EBITDA fell by 64.6% to $664,000 due to restructuring costs and investments in product development. The net loss after tax increased by 120.1% to $2.7 million, highlighting challenges in its operational restructuring and market adaptation.
More about Ai-Media Technologies Limited
Ai-Media Technologies Limited operates in the technology industry, focusing on providing Software as a Service (SaaS) solutions. The company is transitioning from labor-intensive legacy services to higher-margin technology-based offerings.
YTD Price Performance: -18.18%
Average Trading Volume: 420,453
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$150.3M
Find detailed analytics on AIM stock on TipRanks’ Stock Analysis page.