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Vection Technologies Ltd. ( (AU:VR1) ) has issued an announcement.
Vection Technologies Ltd reported significant financial growth for FY25, driven by defense contracts and enterprise adoption. The company achieved its first positive underlying EBITDA, with revenue increasing to $36.0 million and net assets rising to $13.9 million. The acquisition of The Digital Box (TDB) enhanced Vection’s AI capabilities, contributing to a stronger market position. Strategic advancements included securing major defense contracts and expanding into healthcare, education, and retail sectors. The company’s AI-first approach is expected to drive future growth and profitability.
More about Vection Technologies Ltd.
Vection Technologies Ltd is a company specializing in integrated extended reality (XR) solutions. It focuses on AI-driven spatial computing, offering services across various sectors including defense, healthcare, education, retail, and enterprise. The company operates globally with offices in cities such as Perth, Sydney, San Francisco, Milan, and Abu Dhabi.
Average Trading Volume: 20,999,265
Technical Sentiment Signal: Buy
Current Market Cap: A$110.7M
Learn more about VR1 stock on TipRanks’ Stock Analysis page.