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Damstra Holdings Ltd(ASX: DTC) shares are soaring after the company released its latest quarterly activity report and results. Right now, the Damstra share price is trading at 90 cents – 13.21% higher than yesterday’s closing price.
Let’s take a closer look at the company’s latest results.
The quarter that’s been
Investors are driving the Damstra share price higher after the company reported cash receipts totalling $10 million and $9.1 million in revenue over the quarter ended 30 June 2021. Both figures are record-breaking for Damstra.
The company’s annual recurring revenue reached $35 million over the quarter – 65% more than the prior corresponding quarter.
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