Australia's Vection Technologies jumps on strong revenue forecast

Vection Technologies

13/09/2022 04:12

** Shares of software development firm Vection Technologies
 VR1.AX  rise as much as 4.3% to A$0.073, their highest since
Sept. 8
    ** Expects FY23 total revenue to be in the range of A$24
mln-A$26 mln ($16.48 mln-$17.86 mln)  urn:newsml:reuters.com:*:nL4N2YH0MJ
    ** The forecast is higher than revenue forecast for FY22,
which was at the mid-range of A$17-A$19 mln  urn:newsml:reuters.com:*:nGLF5Hj5NP
    ** Stock has fallen 48.2% this year, as of last close
    
    



($1 = 1.4560 Australian dollars)

 (Reporting by Poonam Behura in Bengaluru)
 ((Poonam.Behura@thomsonreuters.com;))