Harvest Technology Group Ltd. ( (AU:HTG) ) has issued an announcement.
In the December 2024 quarter, Harvest Technology Group Ltd. reported significant financial improvements with a 37% increase in cash receipts and a 32% rise in revenue compared to the previous quarter. The company secured $3.065 million through convertible notes and received a $1.59 million R&D tax incentive rebate. Operationally, Harvest executed a reseller agreement with Pulsar Solution Inc. and established a subsidiary in Ireland to expand their Nodestream™ product in Europe, aligning with their strategic plan targeting profitability by FY27 and revenue growth primarily through reseller partnerships.
More about Harvest Technology Group Ltd.
Harvest Technology Group Ltd. is a company operating in the technology sector, focusing on innovative communication solutions. They offer products such as the Nodestream™ Integrated device, with a market focus on defense and communication sectors, aiming to expand their presence in the UK and European markets.
YTD Price Performance: -25.00%
Average Trading Volume: 821,364
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$13.29M
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