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ReadCloud Ltd. ( (AU:RCL) ) has issued an announcement.
ReadCloud Limited reported strong financial results for FY25, driven by significant revenue growth in its VET-in-Schools program and direct eBook sales to Australian schools. The company achieved a 109% increase in underlying EBITDA, reflecting effective cost management and revenue expansion. Looking ahead to FY26, ReadCloud anticipates continued growth in its school-facing operations, with high customer retention and controlled costs positioning the company for sustained profitability. However, Southern Solutions, its smallest business, is under review due to revenue challenges.
More about ReadCloud Ltd.
ReadCloud is a leading provider of eLearning software solutions and industry-based training. Its eReader platform offers an engaging and collaborative learning environment with interactive digital content from top publishers, benefiting teachers and students with features like social annotations and text-to-speech in 120 languages. ReadCloudVET delivers vocational education and training to secondary school students, while Southern Solutions focuses on flexible training models in various industries.
Average Trading Volume: 127,323
Technical Sentiment Signal: Buy
Current Market Cap: A$16.9M
For detailed information about RCL stock, go to TipRanks’ Stock Analysis page.