Business
NOWO: Revenue up 17%, AUM at 980 MSEK, but losses persist and external funding remains crucial
NOWO: Revenue up 17%, AUM at 980 MSEK, but losses persist and external funding remains crucial
About this update from Nowonomics Ab
Revenue grew 17% year-over-year and EBITDA loss narrowed, supported by fund acquisitions and product launches. AUM rose to 980 MSEK, but the company remains unprofitable and reliant on external financing. Regulatory approval for new fund management is expected to boost future results.Original document: This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.