tiprankstipranks
Trending News
More News >

Sagtec Global Reports 78% Revenue Growth in FY 2024

Story Highlights
  • Sagtec Global reported a record revenue of US$11.6 million for FY 2024.
  • The company saw substantial growth in services and tangible products, with strategic shifts enhancing margins.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Sagtec Global Reports 78% Revenue Growth in FY 2024

Confident Investing Starts Here:

Sagtec Global Ltd. ( (SAGT) ) has provided an update.

On April 30, 2025, Sagtec Global Limited announced its financial results for the fiscal year ending December 31, 2024, reporting a record revenue of US$11.6 million, marking a 78% year-over-year growth. The company experienced substantial growth in both services and tangible products, with services revenue increasing by 122% and tangible products by 50%. This growth was attributed to strong client retention, new subscriber acquisition, and increased distribution of food ordering kiosks. Sagtec’s strategic shift away from rental services to direct machine sales has also contributed to stronger margins. The company is well-positioned for continued success as it plans to expand into key regional markets in Southeast Asia.

More about Sagtec Global Ltd.

Sagtec Global Limited is a leading provider of customizable software solutions, focusing on delivering innovative digital solutions to various markets. The company is known for its Speed+ smart ordering and QR ordering system subscriptions, which have seen significant market adoption.

YTD Price Performance: 6.67%

Average Trading Volume: 79,702

See more insights into SAGT stock on TipRanks’ Stock Analysis page.

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.

Report an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App