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ReadCloud Ltd. ( (AU:RCL) ) has provided an update.
ReadCloud has reported a 13% organic growth in total revenue, reaching $9.2 million, with a significant 32% increase in VET-in-schools revenue for the first half of FY25. The company has also achieved a 73% rise in underlying EBITDA to $1.8 million, with an operating cash inflow of $1.9 million, positioning itself for further growth with no debt and cash reserves of $3.5 million. The addition of 62 new schools to its platform and its leadership in the VET category, serving over 14,000 students, underscores its strong market position and potential for continued expansion.
More about ReadCloud Ltd.
ReadCloud is an EdTech SaaS growth platform that provides eLearning software solutions to schools and educational institutions in Australia and internationally. The company offers a Vocational Education and Training (VET) platform for Australian schools, dynamic and interactive eBooks from leading publishers, and nationally accredited vocational training through its Southern Solutions division.
Average Trading Volume: 193,327
Technical Sentiment Signal: Buy
Current Market Cap: A$16.9M
For detailed information about RCL stock, go to TipRanks’ Stock Analysis page.