FINEOS Reports Higher Q1 Customer Cash Receipts

MT Newswires Live

04/27

FINEOS (ASX:FCL) reported first-quarter customer cash receipts of 56.5 million euros, up 9.3% year-on-year, driven by subscription fee revenues invoiced in January, according to a Monday Australian bourse filing.

The company recorded customer cash receipts of 51.7 million euros for the three months ending March 31, 2025, an earlier filing showed.

Exchange rate movements during the quarter had a positive impact of 1 million euros on the cash balance.

The company's full-year revenue guidance remains in the range of 147 million euros to 152 million euros.

The company's shares fell 1% in recent Monday trade.

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