Australia's Alcidion Group gains after co upgrades FY25 outlook

Alcidion

22/04/2025 03:01

** Shares of Alcidion Group ALC.AX rise 10.5% to A$0.085, their highest levels since April 1

** Stock set for its strongest session since April 10, if current trends hold

** The healthcare tech co upgrades its FY25 outlook to expect A$3 million ($1.93 million) in EBITDA and A$40.2 million in revenue

** Co also reports Q3 sales of A$48.8 million with about A$11.5 million to be recognised as FY25 revenue

** About 2.5 mln shares change hands, 2.5x the 30-day average of 983,699 shares

** Stock up 40% YTD, including current session's moves

   ($1 = 1.5581 Australian dollars)

 (Reporting by Manasi Dasa in Bengaluru)

 ((Manasi.DasaSundeep@thomsonreuters.com;))