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Vection Technologies Ltd. ( (AU:VR1) ) just unveiled an update.
Vection Technologies has retracted its FY28 Aspirational Target from its recent financial forecast, advising investors not to rely on these long-term projections. The company maintains its confidence in its business plan and reaffirms its targets for FY26 and FY27, with plans to provide a FY28 target at the end of FY26. Additionally, Vection clarified that its recent $0.5 million defence order is part of a larger potential $27 million program, but emphasized that final contract awards are not guaranteed.
More about Vection Technologies Ltd.
Vection Technologies is an enterprise-focused company that assists businesses in integrating the physical and digital worlds. It specializes in leveraging 3D data through extended reality (XR) interfaces to enhance collaboration, learning, and sales. The company is listed on the Australian Securities Exchange (ASX), the U.S. over-the-counter (OTC) markets, and Germany’s Frankfurt Stock Exchange.
Average Trading Volume: 15,706,338
Technical Sentiment Signal: Buy
Current Market Cap: A$90.24M
See more data about VR1 stock on TipRanks’ Stock Analysis page.
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