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ReadCloud Signs 50+ New Schools, Eyes 15%+ VET Revenue Growth Amid Funding Hurdles

10:12am on Friday 23rd of January, 2026 AEDT Education Technology
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ReadCloud Signs 50+ New Schools, Eyes 15%+ VET Revenue Growth Amid Funding Hurdles

10:12am on Friday 23rd of January, 2026 AEDT
Key Points
  • More than 50 new schools signed for 2026 across VET-in-Schools and eBooks
  • VET-in-Schools revenue forecast to grow over 15% with gross margins above 90%
  • School customer retention rates expected to exceed 90%
  • Industry Training revenue down 66% due to government funding uncertainties
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