SciDev Ltd (AU:SDV) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
SciDev Ltd has reported a record-breaking financial year with a 22% increase in annual revenue to $109.2 million and a more than 100% rise in EBITDA to $8.8 million. The company also generated substantial operating cash flow of $6.5 million and established a new financial facility with Westpac to support further growth. With strong performances across its divisions, particularly in Energy Services, SciDev is poised for future expansion without the need for additional capital raising.
For further insights into AU:SDV stock, check out TipRanks’ Stock Analysis page.
Trending Articles
- Nvidia Stock Could Take a Beating from Supply Snags on Blackwell Chips
- ‘This Is Just Pure Hype,’ Says Top Investor About Tesla Stock
- Will Palantir Stock Crash to $28? Jefferies Sounds the Alarm
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
