Harvest Technology Group Reports Financial and Operational Growth in December 2024 Quarter

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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