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Xref Ltd ( (AU:XF1) ) has issued an update.
Xref Limited reported a significant reduction in losses for the fiscal year ending June 30, 2025, with a 66% decrease in loss from ordinary activities after tax compared to the previous year. Despite challenging market conditions, the company achieved a positive EBITDA and increased cash reserves through strategic cost management and a private placement. The company launched new products and maintained high customer satisfaction, positioning itself as a market leader. Looking forward, Xref aims to focus on sales growth, expense management, and continued product development to drive future growth.
More about Xref Ltd
Xref Limited operates in the technology industry, focusing on providing Software as a Service (SaaS) solutions. The company specializes in reference checking and talent management services, with a market focus on transitioning customers to a subscription-based model and enhancing its platform with AI-driven technology.
Average Trading Volume: 184,728
Technical Sentiment Signal: Buy
Current Market Cap: A$41.82M
See more insights into XF1 stock on TipRanks’ Stock Analysis page.