EnviroSuite Ltd (AU:EVS) has released an update.
Envirosuite Limited reports a successful FY24 Q3 with new sales totaling $2.9m, driven by significant growth in the mining and waste sectors, particularly in the Americas. The company’s total Annual Recurring Revenue (ARR) has increased by 11.4% to $62.6m, while the CEO Jason Cooper reiterates their commitment to achieving positive adjusted EBITDA less Capitalised Development within the fiscal year. Despite a slight uptick in churn to 3.7%, Envirosuite continues to expand its market presence, particularly with new and renewed agreements in the mining and aviation sectors.
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