Tick Trading Software AG: First Half of 2023/2024 Results Align with Forecast

Tick Trading Software AG, listed under ISIN DE000A35JS99, reported its financial results for the first half of the 2023/2024 fiscal year. The company recorded a net profit of EUR 526 thousand, a decrease compared to the previous year's EUR 707 thousand. Sales revenues reached EUR 3,995 thousand, marking a 7.0% decline from the prior year's EUR 4,298 thousand.

While load-dependent revenues grew by 16.8% to EUR 1,336 thousand, project revenues significantly dropped to EUR 96 thousand from EUR 583 thousand. The company attributes this decline to the timing of project revenue generation, which is expected to rebound in the second half of the fiscal year.

Despite the mixed financial results, the company remains optimistic about meeting the higher end of its full-year profit forecast of EUR 0.7-1.0 million. The detailed half-yearly financial report is now available on their website.