2210 GMT - Integrated Research's 1H update disappoints Bell Potter, which cuts its price target on the stock by 27% to A$0.40/Share in response. Integrated Research expects 1H revenue of A$25 million-A$30.5 million, below Bell Potter's A$31.1 million forecast. Its forecast Ebitda loss of up to A$8 million was sharply higher than the bank's A$600,000 expectation. Bell Potter's shifts its forecasts lower to be around the middle of Integrated Research's guidance ranges. It also assumes a provision for bad debts of some A$4 million. Still, Bell Potter retains a buy call on Integrated Research, which ended last week at A$0.305. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
November 16, 2025 17:10 ET (22:10 GMT)
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