Pentanet Ltd (AU:5GG) has released an update.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Pentanet Ltd reported significant growth for FY24, with an 80% increase in gaming revenue to $1.8 million and a 6% rise in consolidated revenue to $20.9 million. The company successfully adapted to a competitive telecommunications market by launching new 5G services and the ‘Fibre Connect’ campaign, resulting in a 59% decrease in EBITDA loss to $1.3 million. Looking forward, Pentanet is set to capitalize on its 5G expansion and GPU optimization to drive further growth in both the telecommunications and gaming segments.
For further insights into AU:5GG stock, check out TipRanks’ Stock Analysis page.