IODM Ltd. (AU:IOD) has released an update.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
IODM Ltd. reports a significant increase in Q3 FY24 cash receipts, soaring to A$640k, marking a 65% rise from the prior corresponding period, largely due to a lucrative new agreement with Convera in the UK education sector. The company’s expansion into the US market began with their first client onboarding, alongside a promising pipeline of prospects. Additionally, IODM secured A$800k in funding through a share issue, bolstering their working capital as they steer towards cash flow positivity.
For further insights into AU:IOD stock, check out TipRanks’ Stock Analysis page.