Formula Systems Submits Annual Report for 2024 Insights

Formula Systems Submits Annual Report for 2024
Recently, Formula Systems (1985) Ltd. (Nasdaq: FORTY, TASE: FORTY.TA) completed the submission of its annual report on Form 20-F for the fiscal year ending on December 31, 2024. This important document, which provides a comprehensive view of the company's financial health and operations, was officially filed with the U.S. Securities and Exchange Commission (SEC).
Understanding the Importance of the Annual Report
The annual report on Form 20-F is crucial for investors and stakeholders, as it outlines the audited annual financial statements and provides in-depth details regarding the company’s performance and strategic direction. For Formula Systems, this report not only marks a summary of the past year's accomplishments but also establishes a roadmap for its future endeavors.
Accessibility of the Report
The 2024 annual report can be accessed through the SEC's website for transparency, as well as through the investor relations section of Formula’s official website, making it easy for investors and interested parties to obtain the information they need.
Shareholder Support and Communication
Formula Systems prioritizes communication with its shareholders by offering a hard copy of its annual report, which includes complete audited financial statements. Interested shareholders can request this report free of charge by contacting the Chief Financial Officer, Asaf Berenstin.
About Formula Systems
Formula Systems is recognized as a leading global information technology holding company that operates through various subsidiaries and affiliates. The organization specializes in a range of services, including software consulting, computer-based business solutions, and the development of proprietary software products. Being listed on both the Tel-Aviv Stock Exchange and the Nasdaq Global Select Market enhances its visibility and appeal to a broad investor base.
Innovations in Software Solutions
The constant evolution of technology requires innovative solutions, and Formula is well-positioned to meet these demands. The company is committed to adopting cutting-edge technological advancements to enhance its service offerings and maintain its competitive edge in the global market.
Future Prospects
As Formula Systems looks to the future, management remains focused on leveraging its strengths in software solutions and consulting services. The ongoing commitment to quality and client satisfaction remains a top priority, ensuring that the company's growth trajectory continues upward.
Frequently Asked Questions
What is Formula Systems' annual report on Form 20-F?
The annual report on Form 20-F provides a detailed overview of the company's financial performance and operations for the fiscal year.
How can shareholders obtain the annual report?
Shareholders may request a hard copy of the annual report free of charge by contacting the Chief Financial Officer.
What services does Formula Systems offer?
Formula specializes in software consulting, computer-based business solutions, and developing proprietary software products.
Where can I find the annual report online?
The annual report can be found on the SEC’s website as well as Formula’s investor relations page.
What stock exchanges list Formula Systems?
Formula Systems is listed on the Nasdaq Global Select Market and the Tel-Aviv Stock Exchange.
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