Sovereign Cloud Holdings Ltd. (AU:CYB) has released an update.
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AUCyber Limited has reported a revenue of $8.3 million and an underlying EBITDA loss of $1.3 million for the four months ending 31 October 2024, falling short of its FY25 targets. The company’s performance has been below expectations following its recent merger, leading to the CEO’s resignation and the withdrawal of FY25 guidance. AUCyber plans to seek new leadership and will provide further updates in February 2025.
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