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RightCrowd ( (AU:GTH) ) has issued an announcement.
Gathid Ltd, a company focused on Software as a Service (SaaS), reported a decrease in its Annual Recurring Revenue (ARR) to $1.679 million due to customer mix changes, though it remains confident in its market positioning. The company experienced a slight decline in sales revenue and operational cash outflow, but it secured new contracts and renewals, indicating potential for resumed growth. The ongoing divestment of its physical security business and strategic customer profile adjustments are expected to enhance its future operations and market alignment.
More about RightCrowd
Technical Sentiment Signal: Sell
Current Market Cap: A$4.74M
See more data about GTH stock on TipRanks’ Stock Analysis page.