Armada Data Faces Challenges Yet Revenue Rises

Armada Data (TSE:ARD) has released an update.

Armada Data Corporation reported a slight revenue increase in 2024, despite facing challenges such as new vehicle supply constraints and lower consumer activity that led to a comprehensive loss. The company’s insurance division also underperformed due to fewer claims processed, attributed to a reduction in driving and vehicle sales during the fiscal year.

For further insights into TSE:ARD stock, check out TipRanks’ Stock Analysis page.