bullish
Readcloud Ltd - Solid FY24 result a platform for growth
SUMMARY
- RaaS Research has published an update on edtech group ReadCloud (ASX:RCL) following its FY24 result in which it grew revenue by 15% and in line with our forecasts and positive underlying EBITDA of $0.4m, a $1.1m turnaround and ahead of our forecast for $0.1m.
- The company has delivered on all stated FY24 targets, providing a platform for sustained profitable growth over the coming periods.
- Management has pointed to 15% compound organic revenue growth out to FY26 to be complemented by further operating leverage and positive cash generation.
Related Insights
More »Trending Collections
More »Trending Insights
More »- [Japan M&A] Toyota Inds (6201) Proposed Takeover - It Looks Bad, and It's Worse Than It Looks
- TIP Customized Taiwan Select High Dividend Index Rebalance: 22 Changes as Expected
- Mayne Disagrees With Cosette On MAC
- NIFTY200 Momentum30 Index Rebalance Preview: 69% One-Way Turnover & US$1.9bn Trade
- Toyota Industries (6201 JP): After a High, Comes the Low of a Takeunder
Top Unpaywalled Insights
More »- VEON US: Pakistan Towers Sale Frees Capital for Digital Growth in Core Market Ahead of Ukraine IPO
- Advanced Look: Navigating the New Macro Landscape Through Quantitative Alpha Generation Strategies
- [IO Technicals 2025/22] Bearish Momentum Strengthens
- Texas Power Play: Grid Sovereignty, Bitcoin, and the Future of AI
- Overview #27 – The Big Beautiful Tragi-Comedy Continues
Begin exploring Smartkarma's AI-augmented investing intelligence platform with a complimentary Preview Pass to:
- Unlock research summaries
- Follow top, independent analysts
- Receive personalised alerts
- Access Analytics, Events and more
Join 55,000+ investors, including top global asset managers overseeing $13+ trillion.
Upgrade later to our paid plans for full-access.
or
Already have an account? Sign In Now
Discussions
(Paid Plans Only)
Research as a Service (RaaS)
Insightful Financial Models and Research Analysis
Price Chart(Sign Up to Access)
- Readcloud Ltd - Solid FY24 result a platform for growth26 Nov 2024
x