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An update from Halo Technologies Holdings Ltd ( (AU:HAL) ) is now available.
HALO Technologies Holdings Ltd reported a 45.5% increase in operating revenue to $18.75 million, driven by a significant rise in brokerage revenue. Despite a net loss after tax of $14.54 million due to strategic investments and non-cash elements, the company is focused on expanding its operations in the UK through HALO Invest. The company has maintained a steady base of Funds Under Management (FUM) and is actively pursuing growth through client acquisition and new product releases. The UK expansion includes the launch of an equities research product and an investment platform, with further product releases planned for 2025.
More about Halo Technologies Holdings Ltd
HALO Technologies Holdings Ltd is a provider of online global equities research and trade execution software solutions. The company offers sophisticated institutional-grade analytical frameworks and market insights to everyday investors through its two integrated offerings: HALO Global for hands-on investors and HALO Trading for low-touch investors, values-based investors, and Self-Managed Superannuation Funds.
YTD Price Performance: -22.00%
Average Trading Volume: 27,361
Technical Sentiment Consensus Rating: Buy
Learn more about HAL stock on TipRanks’ Stock Analysis page.