Spectur Ltd. (AU:SP3) has released an update.
Spectur Limited has reported a robust year-to-date sales increase of 46% to $5.407m, with a slight operating cash outflow of $25k this quarter, attributed to restructuring costs. The company has achieved significant labor cost savings and has successfully integrated new acquisitions, while also launching a fully updated technology hardware stack and website. Recurring revenue continues to grow, now representing 68% of total revenue at an annual run rate of $5.3m.
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