Australia's Ava Risk gains on strong outlook

Ava Risk

21/01/2025 02:54

** Shares of Ava Risk Group Ltd  AVA.AX  rise 4.4% to
A$0.12, their biggest intraday pct gain since Dec 30, 2024
    ** The security tech co says it expects H1 FY2025 revenue of
A$17 mln ($10.60 mln), up 20% on y-o-y basis and sees
second-half revenue to be stronger than the first half
    ** Ava Risk says it expects positive EBITDA for H1 FY2025
    ** About 203,413 shares change hands, 3.7x the 30-day
average of 55,135 shares
    ** Stock lost 22.7% last year

    ($1 = 1.6033 Australian dollars)

 (Reporting by Jasmeen Ara Shaikh in Bengaluru)
 ((Jasmeenaraislam.shaikh@thomsonreuters.com))