Qoria Ltd. (AU:QOR) has released an update.
Qoria Limited reported a robust March quarter with a $112 million increase in annual recurring revenue, service margins over 90%, and a reduction in fixed cash costs to $78 million per annum. The company anticipates becoming cash flow positive in 2024 and EBITDA positive in 2025 without the need for additional capital. A record $28 million sales pipeline and growing adoption of their B2B2C ‘Community’ platform signal a promising outlook.
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