Australia's Stakk gains most in 3-1/2 months on strong outlook
17/09/2026 03:39
BUZZ-Australia's Stakk gains most in 3-1/2 months on strong outlook ** Shares of Australia's Stakk SKK.AX jump as much as 29.4% to A$0.022, marking their biggest intraday pct gain since June 1
** Fintech company completes acquisition of U.S.-based ParaScript, an AI-based document intelligence technology provider
** Co says it is now positioned to deliver A$55.2 million ($39.16 million) revenue in FY27, above the A$14.89 million it logged in FY26
** Says earnings growth objectives are supported by a "substantial majority" of forecast revenue already being secured under contracted customer commitments
** About 55.7 million shares change hands, 4.6x the 30-day average volume
** Shares down more than 39% YTD
($1 = 1.4096 Australian dollars)
(Reporting by Shruti Agarwal in Bengaluru)
Recent news on Stakk
See all newsBrief: Stakk Ltd Says Government Agencies Tap SKK Technology For U.S. Elections
Australia's Stakk Limited rises on US election contract
Brief: Stakk Limited Says Q1 Pro Forma Revenue Surges 16.5% To A$16.1M
Australia's Stakk rises after first-quarter revenue jumps
Brief: Stakk Wins Deal With Mrbeast-Owned Step Financial