The aim has been to grow subscription sales of KX products, which has involved significantly increasing sales and marketing spending.
Mr Keating said 2024 had “presented challenges” with KX’s recurring revenue growth coming in below expectations.
“We have addressed the operational challenges and are well placed to execute on the enormous addressable market in the industries we are targeting,” he added.
A so-called activist investor, Irenic Capital Management, has recently become the largest shareholder in FD Technologies.
These sort of investors frequently buy into a company to force management to change course but Mr Keating said there was shareholder support for the current strategy.
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