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The latest update is out from Xref Ltd ( (AU:XF1) ).
Xref Limited has successfully transitioned to a subscription-based business model, resulting in a 7% revenue increase to $21.3 million and a positive EBITDA of $2.5 million for the 2024-25 financial year. Despite a rejected acquisition offer from Seek Limited, Xref secured a $3.6 million placement from a strategic partner and strengthened its board with new directors. The company has streamlined its operations, introduced a single technology platform, and implemented self-sign-on and auto-renewal features to boost annual recurring revenue.
More about Xref Ltd
Xref Limited operates in the technology industry, focusing on providing subscription-based services. The company has transitioned to a full subscription model, which enhances revenue predictability and profitability.
Average Trading Volume: 80,945
Technical Sentiment Signal: Sell
Current Market Cap: A$34.11M
Find detailed analytics on XF1 stock on TipRanks’ Stock Analysis page.