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An update from Felix Group Holdings Ltd. ( (AU:FLX) ) is now available.
Felix Group Holdings Ltd has completed the acquisition of Nexvia, a strategic move aimed at accelerating its vendor monetisation strategy and expanding its market reach. This acquisition, along with new contracts in North America and Australia, has contributed to a 10% increase in Group ARR, reaching $8.8 million in Q1 FY26. The company is well-capitalised with $7.8 million in cash, positioning it strongly for organic growth initiatives.
More about Felix Group Holdings Ltd.
Felix Group Holdings Ltd operates in the technology sector, providing a SaaS platform designed for project-led SMEs in the construction industry. The company’s primary focus is on vendor management and monetisation, offering solutions that enhance project efficiency and integration.
Average Trading Volume: 162,173
Technical Sentiment Signal: Buy
Current Market Cap: A$65.67M
See more data about FLX stock on TipRanks’ Stock Analysis page.