BUZZ-Australia's Ava Risk gains on strong outlook

Reuters
01-21
BUZZ-Australia's Ava Risk gains on strong outlook

** Shares of Ava Risk Group Ltd AVA.AX rise 4.4% to A$0.12, their biggest intraday pct gain since Dec 30, 2024

** The security tech co says it expects H1 FY2025 revenue of A$17 mln ($10.60 mln), up 20% on y-o-y basis and sees second-half revenue to be stronger than the first half

** Ava Risk says it expects positive EBITDA for H1 FY2025

** About 203,413 shares change hands, 3.7x the 30-day average of 55,135 shares

** Stock lost 22.7% last year

($1 = 1.6033 Australian dollars)

(Reporting by Jasmeen Ara Shaikh in Bengaluru)

((Jasmeenaraislam.shaikh@thomsonreuters.com))

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