Australia's Knosys hits nearly 3-mnth high on FY24 profit forecast

Knosys

26/07/2024 03:27

** Shares of software services provider Knosys  KNO.AX  rise
as much as 42.1% to A$0.054, their highest since May 1
    ** Stock posts its biggest intraday pct gain since Oct. 12,
2020
    ** Co expects EBITDA in excess of A$1 mln ($655,200.00) in
FY24, compared with a loss of A$1.3 mln in FY23
    ** Says annual recurring revenue (ARR) of A$9.5 mln at July
is steady year-on-year
    ** About 2.3 mln shares change hands, compared with the
30-day average volume of 329,226
    ** Stock had risen 16.9% this year, as of last close

($1 = 1.5263 Australian dollars)

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