Iveda Exclusive Latin America Distribution Partner Anticipates FY24 Revenue $6M; $30M In Recurring Revenue Over Five Years
Portfolio Pulse from Benzinga Newsdesk
Iveda's exclusive distribution partner in Latin America projects FY24 revenue of $6M, with expectations of $30M in recurring revenue over the next five years. This forecast follows a series of efforts and presentations throughout 2023 aimed at establishing Iveda as a leader in AI technology.
February 28, 2024 | 2:10 pm
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Iveda's exclusive distribution partner in Latin America projects significant revenue growth, forecasting $6M in FY24 and $30M in recurring revenue over five years.
The positive revenue forecast from Iveda's exclusive distribution partner in Latin America is a strong indicator of the company's growth potential and market acceptance of its AI technology. This news is likely to be viewed positively by investors, potentially leading to an increase in stock price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90