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2025-04-16 22:02:45
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Calcalist - by layer3.news on Nostr: calcalist.co.il ✍️ ORT Technologies, a publicly traded company, suffered a ...



✍️ ORT Technologies, a publicly traded company, suffered a significant loss in 2024 due to the collapse of its digital printing company, Velox.
👉 ORT Technologies suffered a significant loss in 2024 due to the collapse of its digital printing company, Velox.
👉 Velox was unable to pay its debts, which led to a significant loss for ORT.
👉 ORT had invested heavily in Velox, which was its largest investment.
👉 The collapse of Velox also led to a decline in ORT's stock price.
👉 ORT's financial report showed that the company had a significant loss in 2024, with a net loss of 42.6 million shekels.

#TomerRaz #business


The bankruptcy of the digital printing company led to the publicly traded company, valued at 35 million shekels, ending 2024 with a loss of 42 million shekels. Other investments also yielded a zero return and the cash flow was stuck in a cul-de-sac.
https://www.calcalist.co.il/market/article/hymc4enajg

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