Felix Group Holdings Ltd. (AU:FLX) has released an update.
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Felix Group Holdings Ltd. reported a robust third quarter in FY24, with a record Contractor Annual Recurring Revenue (ARR) of $5.3m, marking a 45% increase year-on-year, and the addition of five new contractors across various sectors. The company also celebrated three contract expansions contributing to a high Net Revenue Retention rate of 115%, indicating strong customer retention and account growth. These positive results have set Felix on course to achieve operating cash flow breakeven by the first quarter of FY25.
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