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The latest announcement is out from IODM Ltd. ( (AU:IOD) ).
In the Q2 FY25 report, IODM Limited announced cash receipts of A$719k, marking a 49.4% increase from the previous corresponding period. The UK Education Segment was a major contributor, with cash receipts of A$511k, a 119% rise. The company successfully onboarded 12 educational institutions, including prestigious universities such as New York University and Hec Paris Business School. This expansion has been bolstered by strategic hires and revised revenue agreements, particularly in the UK, where revenue greatly exceeded guaranteed minimums, enhancing IODM’s position in the education sector.
More about IODM Ltd.
IODM Limited is a company that offers a cloud-based software platform providing a comprehensive working capital communications solution. The company focuses on the education sector, particularly in the UK, North America, and France, onboarding educational institutions as part of its market strategy.
YTD Price Performance: -12.50%
Average Trading Volume: 132,658
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$85.88M
Find detailed analytics on IOD stock on TipRanks’ Stock Analysis page.