ReadCloud Limited (ASX:RCL) services the education and training sectors through the provision of digital learning content, proprietary interactive technology and support for students and educators.
In recent communication to the market, including commentary in the 4C December quarter activities report and at the AGM, it has become increasingly clear that ReadCloud is transitioning towards a pure-play on the schools industry through a measured exit from industry training and a focus on its two core businesses in VET-in-Schools and eBooks.
The industry training business has become less attractive due to what management describes as the “unpredictability of state funding revenue”.
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.