1st Group Ltd. (AU:VFX) has released an update.
Visionflex Group Limited reported a significant increase in revenues, with Q4 FY24 revenue soaring by 98% and annual revenue for FY24 jumping by 170% compared to the previous fiscal year. The company also completed a substantial capital raise of $7.5 million, reducing its debt from $7.3 million to approximately $1.3 million, and is targeting EBITDA positivity in FY25. These financial achievements are attributed to the company’s focus on its core virtual healthcare technology solutions and strong sales momentum.
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