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Technology
ARway (CSE: ARWY) Reports Over 194% Revenue Growth Following Map Dynamics Acquisition
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Highlights
ARway (CSE: ARWY) has reported a significant 194% increase in unaudited revenue and a 5% improvement in gross margin for the six months following its acquisition of Map Dynamics (Map D) in June 2024. The company’s unaudited revenue for the period from September 1, 2024, to February 28, 2025, reached $370,000, with a gross margin of 95%, compared to $126,000 in audited revenue for the same period in the previous year, which had a gross margin of 90%.
The acquisition of Map D allowed ARway to expand its product offerings, enhance technological capabilities, and broaden its market reach, contributing to the impressive financial performance.
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