archTIS Ltd. (AU:AR9) has released an update.
archTIS Ltd. has reported a stellar financial year for FY2024, with a notable 54% surge in revenue and a significant 21% cut in operating expenses, contributing to a positive operating cash flow of $1.6M. The company’s strategic efforts in expanding its customer base and winning key contracts, particularly with the Australian Department of Defence, have led to a doubling of annual revenue. With ongoing technological advancements and a strong market presence, archTIS is poised to meet the increasing demand for its secure data-centric software solutions.
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