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Bridge SaaS Ltd. ( (AU:BGE) ) has issued an update.
Bridge SaaS Limited reported a significant increase in revenues, up 196.7% to $3,080,105 for the half-year ended December 31, 2024. Despite this growth, the company experienced a 7.2% increase in losses, amounting to $555,048. The acquisition of a 51% interest in Brightside Disability Support & Respite Pty Ltd on August 15, 2024, contributed positively to the company’s performance, adding $267,365 to the profit before income tax. However, the financial statements highlight a material uncertainty related to going concern, which could impact future operations.
More about Bridge SaaS Ltd.
Bridge SaaS Limited operates in the software as a service (SaaS) industry, focusing on providing cloud-based solutions to various sectors. The company has recently expanded its market focus by acquiring a controlling interest in Brightside Disability Support & Respite Pty Ltd, indicating a strategic move into the disability support services sector.
YTD Price Performance: -40.0%
Average Trading Volume: 970,375
Technical Sentiment Consensus Rating: Sell
Find detailed analytics on BGE stock on TipRanks’ Stock Analysis page.