Shares of Australia’s Bravura Solutions (ASX:BVS) saw an increase as high as 13%, potentially marking it as the company’s worst day since November 8, if the current losses persist.

The stock has reached its highest point since February 23, highlighting a trend of steady growth.

The financial software solution company announced their plans to achieve a positive Cash EBITDA run rate by the end of FY24.

In addition, the company expressed that it will be unveiling a 3-year strategic plan in late October 2023, which is anticipated to provide clearer earnings performance, profitability, and refined product and customer focus.

Despite the recent growth, the stock has experienced a decline of 29.1% this year until the last close.

Bravura Solutions (ASX:BVS) is a financial software solution company based in Australia.