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Vection Technologies Ltd. ( (AU:VR1) ) has shared an update.
Vection Technologies reported a sharp improvement in its December quarter cash metrics, with customer cash receipts surging to $17.5 million, a roughly 250% increase on the prior quarter and 166% year-on-year, turning net operating cash flow positive at $1.8 million and lifting cash reserves to $14 million after an October capital raising. The company reduced debt by about $4.8 million, secured its first $7.8 million order under a $22.3 million NATO-aligned defence framework—shifting its defence work into a structured, multi-year delivery phase through FY2030—and booked $1.5 million in new AI purchase orders, while reporting a total contracted value of $29.6 million and a three-year pipeline under negotiation of around $59.5 million, underpinning its push to scale its AI+XR platform and integrate recent M&A to support growth in healthcare, retail and defence markets.
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 a provider of integrated extended reality (XR) and artificial intelligence-powered digital transformation solutions, targeting sectors including defence, healthcare, retail, and industrial markets. The company is building an AI+XR ecosystem and expanding its global footprint through acquisitions in Australia and Hong Kong/Singapore, with a focus on scalable platforms that support customers across the entire value chain.
Average Trading Volume: 13,705,839
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$71.93M
See more insights into VR1 stock on TipRanks’ Stock Analysis page.