EchoIQ Limited ( (AU:EIQ) ) has provided an update.
Echo IQ Limited reported a significant increase in revenues from ordinary activities, rising by 533.8% to $101,409 for the half-year ended December 31, 2024. Despite this revenue growth, the company experienced a substantial increase in its loss after tax, which rose by 125.4% to $6,215,645, compared to the previous period. This financial performance indicates a challenging period for the company, with no dividends declared, impacting stakeholders’ expectations.
More about EchoIQ Limited
Echo IQ Limited operates in the technology sector, focusing on developing advanced data analytics solutions. The company is dedicated to enhancing decision-making processes through innovative software products, catering primarily to industries requiring precise data interpretation.
YTD Price Performance: 28.26%
Average Trading Volume: 1,814,322
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$173.6M
See more insights into EIQ stock on TipRanks’ Stock Analysis page.