Schrole Group Ltd. (AU:SCL) has released an update.
Schrole Group Ltd has reported continued growth in its HR Software-as-a-Service (SaaS) and training offerings, with a 4.7% increase in Annual Recurring Revenue (ARR) to AUD 4.4 million in Q2 FY24. The company saw a total cash receipt increase of 8% to $1.4 million and is nearing cash-flow breakeven, with a significant reduction in cash outflow and no debt reported. These positive financial indicators suggest a strong upward trajectory for Schrole, as it capitalizes on robust international sales and new training course offerings.
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