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bullish

Readcloud Ltd

Readcloud Ltd - A strong start to the year

275 Views30 Jan 2025 06:00
Issuer-paid
SUMMARY
  • RaaS Research has published an update on edtech group ReadCloud (ASX:RCL) following the release of its Q1 results in which it reported a 26% increase in cash receipts to $2.4m.
  • The result was in line with our forecasts from an operating cash flow and ending cash position.
  • The company's commentary was positive and gave us confident of our forecasts for the remainder of FY25 and into FY26.
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