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DataDot Technology Limited (ASX:DDT)

ALERT: Price-sensitive ASX Announcement for DDT
Current share price for DDT : $0.003 -0.001 (-25%)+
Announcement
Release
21 Feb 2025 4:07PM
Price at Release
$0.004
Full Release
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Summary
DataDot Technology Limited reported a profit after tax of $62.9k for the first half of FY 2025, with total revenue increasing by 4.9% to $1,549.7k compared to the previous corresponding period. The company continues to focus on its core activities of manufacturing asset identification and digital theft protection solutions while expanding its Insurance Services offering through strategic collaborations. The trial with a Tier 1 insurer has shown promising early asset recovery successes, indicating potential for growth in this sector.
Key Points
  • DataDot posted a profit after tax of $62.9k for the half year.
  • Total revenue increased by 4.9% to $1,549.7k.
  • Royalty revenues rose by 26.8%, reaching $186.8k.
  • Product sales decreased by 2.4% to $1,201.7k.
  • Licence fee revenues increased by 78.3% to $126.9k.
  • The company is investing in its Insurance Services offering.
  • The trial with a Tier 1 insurer has yielded early asset recovery successes.
  • There was a notable increase in costs driven by wage increases and product mix changes.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.