IODM Ltd. (AU:IOD) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
IODM Ltd. has reported a 14.2% rise in cash receipts for Q1 FY25, reaching A$482k, buoyed by an 88% increase in the UK education sector. The company has expanded its sales team and completed a $1.7 million capital raising to support growth initiatives domestically and internationally. With new universities onboarded and a strategic partnership with Convera, IODM is poised for further revenue growth.
For further insights into AU:IOD stock, check out TipRanks’ Stock Analysis page.