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Novatti Group ( (AU:NOV) ) has issued an announcement.
Novatti Group Limited announced a significant turnaround in its FY25 financial results, reporting a record $51.8 million in annual revenue, a 23.3% increase from the previous year. The company achieved a 65% year-over-year improvement in underlying EBITDA, reducing its loss to $3.1 million. Novatti’s strategic focus on cost reduction and revenue base reform has led to a 48% decrease in cash use in the second half of FY25 compared to the first half. The company’s brand refresh in Q3 FY25 has successfully aligned its value proposition, resulting in positive market feedback and new business opportunities, particularly in high-margin services.
More about Novatti Group
Novatti Group Limited is a leading fintech company that enables businesses to pay and be paid. The company focuses on providing high-margin services such as card issuing, primarily in the core markets of Australia and New Zealand.
Average Trading Volume: 954,384
Technical Sentiment Signal: Sell
Current Market Cap: A$20.72M
For detailed information about NOV stock, go to TipRanks’ Stock Analysis page.