** Shares of subscription services provider Straker Ltd
fall as much as 17.9% to A$0.390, their biggest intra-day pct drop since March 18
** Co expects FY25 revenue to come in range of A$43 mln ($27.91 mln) - A$45 mln vs A$50 mln reported in FY24
** Says expected drop in revenue is mainly due to the IDEST business in Europe, which has been affected by the non-renewal of two low-margin contracts
** Expects FY25 gross margin to remain at least as strong as the 63.8% reported in FY24
** Shares hit their lowest level since Oct. 24
** More than 6.7 mln shares change hands vs the 30-day average volume of ~5.8 mln shares
** Stock down 19.6% YTD, including current session's moves
($1 = 1.5406 Australian dollars)
(Reporting by Roushni Nair in Bengaluru)
((Roushni.Nair@thomsonreuters.com))
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