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iCetana Ltd. ( (AU:ICE) ) has provided an update.
iCetana Ltd. reported a significant decrease in revenues by 63% to $910,395 for the half-year ending December 2024, alongside an increase in losses from ordinary activities after tax by 8% to $1,192,106. The overall loss for the period rose by 27% to $1,332,492, reflecting challenges in the company’s financial performance. The company does not plan to distribute dividends for the current period, and its net tangible assets per ordinary security have decreased from 0.32 cents to negative 0.23 cents, indicating a decline in financial stability.
More about iCetana Ltd.
iCetana Ltd. operates in the technology industry, focusing on providing video analytics solutions. The company specializes in developing software that enhances security and surveillance systems by detecting unusual behavior in real-time.
YTD Price Performance: -10.0%
Average Trading Volume: 806,913
Technical Sentiment Consensus Rating: Hold
Current Market Cap: A$7.89M
Learn more about ICE stock on TipRanks’ Stock Analysis page.