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FINEOS Corporation Holdings Plc Shs Chess Depositary Interests Repr 1 Sh ( (AU:FCL) ) has shared an update.
FINEOS Corporation Holdings PLC reported a decrease in its cash balance to €19.8 million as of December 31, 2024, primarily due to seasonal cash collections and prepayments for cloud costs. Despite a drop in cash receipts, the company secured new contracts and reported a successful implementation of its products with key clients, indicating strong future growth prospects and operational efficiencies. The company remains optimistic about maintaining a healthy business pipeline and achieving free cash flow for FY25.
More about FINEOS Corporation Holdings Plc Shs Chess Depositary Interests Repr 1 Sh
FINEOS Corporation Holdings PLC is a leading provider of core systems for life, accident, and health insurance carriers worldwide. The company focuses on delivering advanced solutions such as FINEOS AdminSuite and FINEOS Absence, which cater to market needs in the insurance industry, particularly in North America.
YTD Price Performance: -4.35%
Average Trading Volume: 210,403
Technical Sentiment Consensus Rating: Hold
Current Market Cap: A$595.4M
Find detailed analytics on FCL stock on TipRanks’ Stock Analysis page.