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Excite Technology Services Achieves Positive EBITDA and Strong Revenue Growth
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Excite Technology Services Achieves Positive EBITDA and Strong Revenue Growth

Story Highlights
  • Excite Technology Services saw revenues rise to $5.07M with doubled customer receipts.
  • The company’s EBITDA turned positive, driven by CDFS integration and contract renewals.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

Invest with Confidence:

The latest update is out from Cipherpoint Ltd ( (AU:EXT) ).

Excite Technology Services Limited reported significant financial achievements for the quarter ending December 2024, with revenues increasing to $5.07M and customer receipts doubling to $4.08M. The company’s EBITDA turned positive, and the integration of the CDFS business unit contributed to this growth. Despite a net operating cash outflow, the company remains optimistic about its future trajectory, backed by recent contract renewals in cybersecurity and managed services sectors.

More about Cipherpoint Ltd

Excite Technology Services Limited operates in the Cyber and IT services industry, offering services such as digital forensics and managed IT solutions. The company focuses on modernizing managed services, enhancing cybersecurity operations, and strengthening customer relationships across sectors like healthcare and government agencies.

YTD Price Performance: 0%

Average Trading Volume: 1,431,867

Technical Sentiment Consensus Rating: Buy

Current Market Cap: A$18.34M

See more insights into EXT stock on TipRanks’ Stock Analysis page.

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