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PicoCELA, Inc. ADR ( (PCLA) ) has provided an update.
PicoCELA Inc. reported a 40% year-over-year increase in revenue for the fiscal year ending September 30, 2024, driven by a recovery in equipment production post-pandemic and a rise in demand for its enterprise Wi-Fi equipment. The company’s net loss decreased by 23% due to increased revenue, despite a rise in the cost of revenue and a decrease in administrative expenses. The recent initial public offering on Nasdaq is expected to enhance global recognition and support PicoCELA’s growth trajectory.
More about PicoCELA, Inc. ADR
PicoCELA Inc. is a Tokyo-based company specializing in enterprise wireless mesh solutions. It focuses on manufacturing, installing, and servicing mesh Wi-Fi access point devices, utilizing its patented PicoCELA Backhaul Engine technology to simplify network installation by reducing the need for extensive LAN cabling. Additionally, the company offers a cloud portal service, PicoManager, for monitoring connectivity and installing edge-computing software on its devices.
YTD Price Performance: 192.25%
Average Trading Volume: 1,146,477
For detailed information about PCLA stock, go to TipRanks’ Stock Analysis page.