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The latest update is out from ReadCloud Ltd. ( (AU:RCL) ).
ReadCloud Limited has reported a strong start to FY25 with record results in the December quarter, including a 26% increase in cash receipts and a 17% rise in revenue. The company has expanded its customer base by signing 59 new schools for 2025, with a focus on its VET-in-Schools and eBooks divisions. This expansion, along with improved retention rates and growth initiatives, positions ReadCloud for financial benefits in the coming quarters. The company is forecasting significant growth in its VET-in-schools revenue, expecting it to exceed 25% with gross margins over 90%, driven by both existing and new customers.
More about ReadCloud Ltd.
ReadCloud Limited provides eLearning solutions specifically catering to secondary schools and the Vocational Education and Training (VET) sector in Australia. The company is known for integrating proprietary eBooks technology with customized learning and assessment materials designed for the educational setting.
YTD Price Performance: -6.25%
Average Trading Volume: 61,547
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$11.07M
Learn more about RCL stock on TipRanks’ Stock Analysis page.
