Freedom Care Group Holdings Ltd (ASX: FCG) is an emerging provider of NDIS services, recovering from a rocky start on the ASX after its November IPO, and now trading at A$0.195.
The Sydney-based company offers a range of allied health and care services, primarily in the greater Sydney area. With its "multi-faceted" growth strategy in place, Freedom Care is focusing on both organic expansion and acquisitions to scale its business, with plans to grow geographically and enhance service offerings.
Despite reporting a net loss of A$200,000 due to one-off IPO expenses, the company saw a 54% increase in revenue and a solid balance sheet with A$3.7 million in cash. Investors interested in the growing NDIS market and companies with a strategic focus on scaling operations will find Freedom Care Group an attractive prospect for long-term growth potential.
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