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Identitii Ltd. Reports Decreased Revenue and Increased Losses for H2 2024

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Identitii Ltd. Reports Decreased Revenue and Increased Losses for H2 2024

An announcement from Identitii Ltd. ( (AU:ID8) ) is now available.

Identitii Ltd. reported a 4% decrease in revenue for the half-year ending December 31, 2024, compared to the previous year, alongside a 30% increase in losses after tax. No dividends were proposed for this period, and the net tangible asset backing per ordinary security decreased from 0.72 cents to 0.41 cents. This financial performance indicates challenges in maintaining revenue growth and profitability, potentially impacting the company’s market positioning and stakeholder confidence.

More about Identitii Ltd.

Identitii Ltd. operates in the financial technology industry, focusing on providing solutions that enhance the transparency and efficiency of financial transactions. The company specializes in developing software that helps financial institutions meet regulatory compliance requirements and improve payment processing.

YTD Price Performance: 20.0%

Average Trading Volume: 730,823

Technical Sentiment Consensus Rating: Buy

Current Market Cap: A$9.29M

Find detailed analytics on ID8 stock on TipRanks’ Stock Analysis page.

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