iCetana Ltd. (AU:ICE) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
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.