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Excite Technology Services Reports Increased Revenue and Losses, Completes Acquisition

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Excite Technology Services Reports Increased Revenue and Losses, Completes Acquisition

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

Excite Technology Services Limited reported a significant increase in revenue by 53% to $12,267,050 for the year ended 31 March 2025. However, the company also experienced a substantial increase in losses, with a 94% rise in the loss from ordinary activities after tax, amounting to $4,435,887. No dividends were declared during this period. The company completed the acquisition of CBIT Pty Ltd, which was announced to the ASX on 8 October 2024. The financial report is currently under audit, with an expectation of an unmodified report but with a material uncertainty related to going concern.

More about Cipherpoint Ltd

Average Trading Volume: 954,899

Technical Sentiment Signal: Sell

Current Market Cap: A$23.66M

See more data about EXT stock on TipRanks’ Stock Analysis page.

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