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bullish
Readcloud Ltd - Hitting the numbers and growing
SUMMARY
- RaaS Research has published an update on edtech group ReadCloud (ASX:RCL) following its Q4 result in which it delivered its FY24 full year guidance for positive underlying EBITDA and positive statutory operating cash flow.
- FY24 revenue grew 15% to $12.3m, 3.4% ahead of RaaS forecasts.
- FY24 represents an inflection point for the business where it continues to grow organically at the top-line and is now EBITDA profitable and cash generative.
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