Atomos Ltd. (AU:AMS) has released an update.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Atomos Ltd. reported a 6% year-over-year increase in Q1 FY25 sales, reaching $9.3 million, driven by strong performance of its new Shinobi II product. Despite initial delays, the launch of the Ninja Phone and SunDragon is expected to bolster future sales, and the company achieved an improved gross profit margin of 43.1%. With restructuring efforts mostly complete and legal disputes settled, Atomos is poised for growth with a focus on expanding its market reach among content creators.
For further insights into AU:AMS stock, check out TipRanks’ Stock Analysis page.
Trending Articles:
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue