Fineos Reports 23% Decline in Q2 Client Cash Receipts
MT Newswires Live
Jul 23
Fineos (ASX:FCL) reported second-quarter client cash receipts of 26.9 million euros, down 23% from a year earlier due to the timing of collections, according to a Thursday filing with the Australian bourse.
The company said its full-year 2026 revenue guidance remains unchanged at 147 million euros to 152 million euros.
Fineos ended the quarter with a cash balance of 39 million euros, up by 4.1 million euros from a year earlier and 8.1 million euros lower than the previous quarter, reflecting the seasonal nature of cash collections.
The company's shares gained 2% in recent Thursday trade.
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