iCetana Ltd. (AU:ICE) has released an update.
Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
iCetana Ltd. reported a quarterly revenue of $474k, marking a 5% year-on-year increase despite a 2% drop in annual recurring revenue, attributed to the loss of smaller legacy customers. The company is focusing on expanding in the US market with support from major shareholder Macnica, Inc., and is progressing with promising projects in the Middle East. Efforts to streamline costs, including headcount reduction, are also underway.
For further insights into AU:ICE stock, check out TipRanks’ Stock Analysis page.