Rua Releases Half-Year Result – Results as expected, with German launch imminent
The Group reported a net profit after tax of $718,703 for the period ending 31 December 2022. Excluding fair value gain on contingent consideration of $4,100,932, the Group incurred an operating loss of $3,382,229.
The results are in line with expectations as the company established its product and revenue pipelines and further positioned itself to compete globally.