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An update from RightCrowd ( (AU:GTH) ) is now available.
Gathid Limited, a company focused on developing and commercializing its software platform, has reported significant growth in Annual Recurring Revenue (ARR) by approximately 178% compared to the previous financial year. During FY25, the company added nine new enterprise contracts and won the Australian Information Security Association’s 2024 Cyber Security Award in the Start-up of the Year category. Despite increased costs for marketing and development, Gathid managed to keep expenditures below budget. However, ARR decreased in the first quarter of FY26 due to strategic decisions regarding customer renewals. The company signed three new contracts and renewed an existing one, aligning with its Ideal Customer Profile. Gathid is optimistic about increasing ARR and revenue in FY26, despite ongoing challenges with the sale of its Physical Security products to Bloom and related court proceedings.
More about RightCrowd
Technical Sentiment Signal: Sell
Current Market Cap: A$4.74M
For detailed information about GTH stock, go to TipRanks’ Stock Analysis page.