Why Shares in Straker Translations Climbed to All-time High
Shares in Straker Translations climbed 14% the day they announced results for the fiscal year ended March 31, 2021. LSP plans SaaS subscription push among technology customers.
Shares in Straker Translations climbed 14% the day they announced results for the fiscal year ended March 31, 2021. LSP plans SaaS subscription push among technology customers.
Nearly 300 small LSPs on Straker Translations’ M&A radar as the company provides strategy update at AGM. Shares rally as investors seem confident in buy-and-build plans.
Less red ink at New Zealand’s Straker Translations as annual revenues rise to USD 16.1m on the back of M&A-driven and organic growth.
Slator tracked over 70 language industry M&A transactions and reviewed the next steps founders took after selling their business.
After October IPO in Australia Straker Translations posts half-year results. Six months pro-forma revenues grew to USD 9.1m and adjusted EBITDA shows a slight profit. Company says their freelance English to French freelancers average 1,000 words per hour and earn USD 28 per hour.
Straker Translations completed two acquisitions this summer to bulk up ahead of its planned October 22 initial public offering on the Australia Stock Exchange.
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