SportsHero Limited (AU:SHO) has released an update.
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SportsHero Limited has reported a significant revenue increase to US$399,797 in 2024, up from US$16,728 the previous year, marking a 2,290% surge, while reducing losses by 68% after tax from continuing operations. The company, aiming to be a leader in the esports market, has launched strategic partnerships, including an exclusive revenue share agreement with the Football Association of Indonesia and a 3-year partnership with iGVault HK Limited. These alliances, alongside a successful capital raise and a government R&D reimbursement, bolster the company’s financial position and expansion efforts in the esports sector.
For further insights into AU:SHO stock, check out TipRanks’ Stock Analysis page.
