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An announcement from OpenLearning Ltd. ( (AU:OLL) ) is now available.
OpenLearning Limited reported a 23% year-on-year increase in its SaaS annual recurring revenue, reaching $2.335 million in Q4 FY24. The growth was driven by an increase in average revenue per B2B customer and the launch of CourseMagic.ai, which has rapidly gained 126 active B2C customers. The company has also reduced its net operating cash outflows by 52% due to operational efficiencies and increased revenue, positioning itself strongly in the education technology sector.
More about OpenLearning Ltd.
OpenLearning Limited is an AI-powered SaaS platform specializing in lifelong learning. The company provides a learning management system that supports education providers in managing online learning through generative AI, offering products such as OpenLearning LMS, OpenLearning Marketplace, Biomedical Education and Skills Training Network, and CourseMagic.
YTD Price Performance: -5.00%
Average Trading Volume: 275,083
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$9.17M
See more data about OLL stock on TipRanks’ Stock Analysis page.
