Novra Technologies (TSE:NVI) has released an update.
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Novra Technologies has made an impressive recovery in 2023, returning to profitability with a net income of $136 thousand, offsetting a minor decline in annual revenue. The company’s strategic cost reductions have led to a strong cash position and promise continued efficiency into 2024. A notable shift from product to service revenue highlights the company’s evolving business model and growth in service and SaaS offerings.
For further insights into TSE:NVI stock, check out TipRanks’ Stock Analysis page.