Asset Vision Reports Growth and Innovation in Q3

Future First Technologies Ltd. (AU:ASV) has released an update.

Asset Vision Co Limited reported a 7% increase in annual recurring license revenue, reaching $3.2m in Q3 FY24, alongside a 13% rise in licensing revenue and a 15% reduction in operating expenses. The company is making strides with its product rollouts and development, notably with the early release of AI-driven road defect detection in its AutoPilot feature, and is actively pursuing strategic partnerships to boost sales. Despite a slight decline in total turnover, Asset Vision is optimistic about its growth prospects and upcoming project deployments.

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