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Vection Technologies Ltd. ( (AU:VR1) ) has issued an update.
Vection Technologies Ltd reported a record quarter-to-date cash receipt of approximately $14 million, marking a significant increase from previous quarters. The company has achieved a Total Contracted Value of around $27 million and a forward pipeline of $50 million, driven by strong demand across various sectors including Defense, AI, Healthcare, and Retail. The successful deployment of a $21 million capital raise is fueling growth in these sectors, with a focus on expanding revenue and market presence.
The most recent analyst rating on (AU:VR1) stock is a Buy with a A$0.07 price target. To see the full list of analyst forecasts on Vection Technologies Ltd. stock, see the AU:VR1 Stock Forecast page.
More about Vection Technologies Ltd.
Vection Technologies Ltd is an enterprise-focused company that specializes in bridging the physical and digital worlds through integrated extended reality (XR) and AI-powered digital transformation solutions. The company helps organizations leverage their 3D data via XR interfaces to enhance collaboration, learning, and sales. Vection Technologies is listed on the Australian Securities Exchange, U.S. over-the-counter markets, and Germany’s Frankfurt Stock Exchange.
Average Trading Volume: 25,219,590
Technical Sentiment Signal: Sell
Current Market Cap: A$78.66M
See more insights into VR1 stock on TipRanks’ Stock Analysis page.