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.