Soco Corporation Ltd (AU:SOC) has released an update.
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SOCO Corporation Ltd has rebounded to profitability in Q4 FY24, with an Operating EBITDA of $0.8m on a $6.2m revenue, signaling a turnaround from previous quarters. The company’s overall annual revenue climbed by 12% to $20.6m despite a challenging year, and with $15.5m in contracted revenue for FY25, along with expected growth of over 30%, the future looks promising. Additionally, founder Sebastian Rizzo has been appointed as the permanent CEO, solidifying leadership.
For further insights into AU:SOC stock, check out TipRanks’ Stock Analysis page.