Welcome to our dedicated page for rake news (Ticker: rake), a resource for investors and traders seeking the latest updates and insights on rake stock.
Raketech Group Holding Plc (Nasdaq: RAKE) is a leading online affiliate and content marketing company. Specializing in comparison services for sports and gaming, online guides, communities, and social media products, Raketech effectively bridges the gap between consumers and service providers. As a premier player in the iGaming industry, Raketech leverages its expertise to guide sports and gaming enthusiasts to the best possible services while delivering high-quality traffic and valuable leads to its partners.
Raketech operates on a robust, responsible affiliate marketing framework and focuses on organic growth and strategic acquisitions. The company’s shares are listed on Nasdaq First North Premier Growth Market under the ticker RAKE, and Erik Penser Bank AB serves as the company's Certified Adviser.
In recent developments, Raketech has been active in enhancing its corporate structure and expanding its market influence. The Board of Directors recently approved the issuance of 60,000 new shares as part of a long-term incentive program, bringing the total number of shares to 42,715,314. Additionally, the company has proposed appointing Marina Andersson and Patrick Jonker as new board members, leveraging their extensive experience in corporate development and iGaming.
Financially, Raketech has shown substantial growth. The Q4 2023 report indicated a total revenue of EUR 22.8 million and an organic growth of 45.3% year-over-year. The full-year revenue for 2023 reached EUR 77.7 million, with an organic growth of 47.6%. The company has revised its 2024 guidance, anticipating an EBITDA between EUR 24-26 million.
Raketech continues to innovate and adapt, seen with the implementation of efficiency measures and strategic planning to focus on prioritized products and markets. Despite a recent Google Core update that impacted the Casumba assets, the company remains committed to optimizing operations and cash flow.
For more information and the latest updates, please visit www.raketech.com.
Raketech Group Holding has appointed its nomination committee ahead of the 2025 Annual General Meeting. The committee includes representatives from the largest shareholders and consists of Joel Lindeman (chairman) from Provobis Holding AB, Erik Skarp from Skarp Invest , Edward Licari from Akterbog Holding , Martin Larsson from Chalex AB, and Ulrik Bengtsson, Raketech's Chairman.
The committee will prepare proposals for the AGM regarding Board elections, fees, auditor selection, and nomination principles. Shareholders can submit proposals to the committee via email until January 31, 2025.
Raketech (Nasdaq:RAKE), a prominent iGaming performance marketing partner, has signed a revolving credit facility (RCF) with Bank of Valletta, one of Malta's largest banks. This new RCF, offering a credit limit of EUR 5 million at an interest rate of 4.5% over the variable internal bank rate (currently 2.15%), aims to bolster Raketech's financial flexibility and support its growth initiatives. The existing credit facility with Avida Finans AB will remain active until December 2024. CEO Johan Svensson noted that this move underscores Raketech's solid financial standing and the trust from their banking partners.
Raketech Group Holding Plc (NASDAQ:RAKE) provided a trading update for the first quarter of 2024 and revised its full-year 2024 guidance. Revenues for Q1 2024 are expected to be EUR 19 million, with adjusted EBITDA at EUR 5.1 million. The company revised its full-year guidance to an adjusted EBITDA of around EUR 20 million, lower than the previous estimate of EUR 24-26 million. Google's Core update impacted Casumba assets negatively, leading to the revision of the guidance.
FAQ
What does Raketech Group Holding Plc specialize in?
What are some recent achievements of Raketech?
How is Raketech performing financially?
Who are the new members proposed for Raketech's Board of Directors?
What impact did the recent Google Core update have on Raketech?
What is Raketech’s guidance for 2024?
How does Raketech generate revenue?
What is Raketech's approach to growth?
How can shareholders submit proposals for the nomination committee?
Where can I find more information about Raketech?
