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Tern Plc Reports Progress Amid Market Challenges in 2024

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Tern Plc Reports Progress Amid Market Challenges in 2024

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Tern plc ( (GB:TERN) ) has provided an announcement.

Tern Plc reported significant progress in 2024 despite challenging market conditions, with its core portfolio companies maturing and demonstrating strength. Device Authority expanded its North American presence and enhanced its IoT security solutions, while FundamentalVR formed strategic alliances with major tech companies and was recognized for its innovative surgical training technology. Talking Medicines saw revenue growth and secured partnerships in the healthcare sector. However, Tern faced challenges with Wyld Networks and Konektio, with the latter entering administration. Tern’s strategy focuses on capital distribution, growth, and diversification, positioning it to benefit from the growing interest in early-stage software and AI.

More about Tern plc

Tern Plc is an investment company that specializes in supporting high-growth, early-stage disruptive Internet of Things (IoT) technology businesses. It offers investors the opportunity to invest in early-stage technology companies typically inaccessible to most AIM retail investors, with a focus on sectors poised for substantial growth.

Average Trading Volume: 3,008,129

Technical Sentiment Signal: Hold

Current Market Cap: £11.42M

See more data about TERN stock on TipRanks’ Stock Analysis page.

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