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The latest update is out from Rewardle Holdings Ltd ( (AU:RXH) ).
Rewardle Holdings Ltd has released its Appendix 4E – Preliminary Report, marking a return to compliance with financial reporting obligations and addressing issues raised by the ASX. The company has strategically invested in CloudHolter Pty Ltd, acquiring a 49.9% shareholding, which has opened new market opportunities in the healthcare sector. Despite challenges in financial reporting due to delays in obtaining audited accounts from CloudHolter, Rewardle has maintained profitability and increased its cash balance. The company remains optimistic about future returns from its investment in CloudHolter, driven by its diagnostic revenue and AI software development.
More about Rewardle Holdings Ltd
Rewardle Holdings Ltd operates in the technology industry, focusing on a proprietary Business-to-Business-to-Consumer (B2B2C) software platform. Initially targeting independent local businesses, the company has expanded its market focus to include the healthcare sector through a strategic partnership with CloudHolter Pty Ltd, a MedTech company.
Technical Sentiment Signal: Buy
Current Market Cap: A$15.26M
See more data about RXH stock on TipRanks’ Stock Analysis page.