Australia's RAS Technology rises on strong Q3 revenue

RAS Technology Holdings

28/04/2023 05:14

** Shares of RAS Technology Holdings  RTH.AX  rise as much
as 12.1% to A$0.465
    ** Co posts 41% jump in Q3 revenue to A$8.6 mln ($5.70 mln)
    ** Says gross profit margin at 76% vs 84% a year ago
    ** RTH expects to have a strong finish to FY2023 with
further increases in annualised monthly recurring revenue
anticipated
    ** More than 75,000 shares have changed hands, compared with
the 30-day average of about 17,000 shares 
    ** Stock down ~9.8% so far this year, as of last close 
    


($1 = 1.5090 Australian dollars)

 (Reporting by Upasana Singh in Bengaluru)
 ((Upasana.Singh@thomsonreuters.com))