Australia's Catapult Group International's HY loss narrows; shares rise

Verity Resources

14/11/2023 24:08

** Shares of Australia's Catapult Group International
 CAT.AX  rise as much as 7.53% to A$1.00, their highest level
since Oct 10
    ** Sports technology co says HY loss attributable narrowed
to $8.4 mln from $22.6 mln, YoY
    ** Co reports HY revenue of $49.8 mln, up 21% YoY and
Annualized Contract Value (ACV) of $79.7 mln, up 21% YoY  
    ** The tech platform provider for teams and athletes
continues to expect ACV growth to remain strong in FY24
    ** About 312,793 shares change hands at 2354 GMT, 1.4 times
its 30-day average
    ** Stock up 27.4% this year as of last close

 (Reporting by Sherin Sunny in Bengaluru)
 ((Sherin.Sunny@thomsonreuters.com))