The latest update is out from DUG Technology Ltd ( (AU:DUG) ).
DUG Technology Ltd reported a 4% decrease in revenue to US$28.7 million for FY25-H1, attributed to a strategic shift towards elastic MP-FWI pilot projects. Despite this, the company showed strong forward momentum with a 28% increase in order book value to US$42.2 million. Investments in new regions and talent acquisition led to a 26% decline in EBITDA to US$5.2 million, while software revenue grew by 22% due to successful licensing and growth in the offshore wind market. Eight elastic MP-FWI pilot projects are currently underway, with follow-on contracts awarded, indicating a positive outlook for future operations.
More about DUG Technology Ltd
DUG Technology Ltd operates in the technology industry, focusing on providing advanced computing services and software solutions. The company is known for its expertise in processing and imaging toolkits, with a significant market focus on sectors such as offshore wind.
YTD Price Performance: -18.21%
Average Trading Volume: 393,391
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$154.2M
For an in-depth examination of DUG stock, go to TipRanks’ Stock Analysis page.