APK Oasis

Ai-Media's Transformative Growth in FY24

From Markets Insider

Ai-Media's Transformative Growth in FY24

Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter

Ai-Media Technologies Limited, a leader in AI-powered captioning solutions, reported a transformative year with a 7% revenue increase to $66.2 million in FY24. The company's technology sales surged by 37% to $32.9 million, driven by the launch of LEXI 3.0, which surpassed human captioning in speed and accuracy. With a strategic focus on expanding its technology offerings, Ai-Media aims to have tech-related revenues exceed 80% of total income by the end of 2025.

For further insights into AU:AIM stock, check out TipRanks' Stock Analysis page.

Previous articleNext article

POPULAR CATEGORY

Software

35304

Artificial_Intelligence

12291

Internet

26604