New Zealand's Black Pearl rises to nearly 1-mnth high on higher ARR

Black Pearl

13/10/2024 23:21

** Shares of Black Pearl  BPG.NZ  rise as much as 4.4% to
NZ$1.42, their highest since Sept. 20 
    ** Data technology firm says it reached NZ$10.4 mln ($6.34
mln) in annual recurring revenue as of Sept. 30, a 126% increase
from last year and a 22% jump from previous quarter
    ** Company says it aims to reach NZ$20 mln in ARR within
12-18 months 
    ** YTD, stock has nearly tripled in value, compared to an
8.7% rise in S&P/NZX 50 index  .NZ50  


($1 = 1.6402 New Zealand dollars)

 (Reporting by Sneha Kumar in Bengaluru; Editing by Aurora
Ellis)
 ((Sneha.Kumar@thomsonreuters.com;))