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The latest update is out from Felix Group Holdings Ltd. ( (AU:FLX) ).
Felix Group Holdings Ltd has reported a third consecutive quarter of positive operating cash flows, with a notable $153k inflow in Q3 FY25. The company achieved significant growth in Contractor Annual Recurring Revenue (ARR), which increased by 27% year-over-year to $6.7 million, and Group ARR grew by 21% to $8.6 million. The quarter was marked by seven contract expansions and the signing of a new customer, contributing to $352k in new Contractor ARR. Felix’s Vendor Marketplace also saw a 24% increase in vendors, reaching 117,000. The company is actively pursuing international growth, highlighted by a new 3-year agreement with PCL Construction’s Solar Division, expanding Felix’s platform to North America. This strategic move positions Felix for further expansion across additional business units and regions.
More about Felix Group Holdings Ltd.
Felix Group Holdings Ltd is a company operating in the construction and engineering industry, providing a platform that facilitates vendor management, sourcing, and procurement scheduling. The company focuses on expanding its market presence by leveraging existing customer relationships and exploring international growth opportunities.
YTD Price Performance: -6.52%
Average Trading Volume: 64,872
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$43.97M
See more insights into FLX stock on TipRanks’ Stock Analysis page.