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Aspermont Limited ( (AU:ASP) ) has shared an update.
Aspermont Limited has reported its 37th consecutive quarter of growth in subscription revenue, reaching an annual recurring revenue (ARR) of $11.2 million. The company has signed a significant enterprise data contract with Rio Tinto valued at over $550,000 and launched a new proprietary data platform, Mining-IQ.com. Additionally, Aspermont completed a $1.75 million institutional placement at a 40% premium to the prevailing share price, indicating strong investor confidence. The company’s focus on expanding its enterprise data offerings marks a pivotal moment in its growth strategy, particularly with the launch of Mining-IQ.com and a landmark AI partnership in the mining sector.
More about Aspermont Limited
Aspermont Limited operates in the media industry, focusing on transforming its extensive media heritage into a subscription-first data and intelligence platform. The company is involved in providing data services and intelligence solutions, with a notable focus on the mining sector, as evidenced by its recent initiatives and partnerships.
Average Trading Volume: 3,000,000
Technical Sentiment Signal: Sell
Current Market Cap: A$23.27M
For an in-depth examination of ASP stock, go to TipRanks’ Overview page.