Sovereign Cloud Holdings Ltd. ( (AU:CYB) ) just unveiled an announcement.
AUCyber Limited, a company listed on the ASX, reported a decline in customer cash receipts for the quarter ending March 31, 2025, with receipts totaling $7.2 million, down from $8.6 million in the previous quarter. This decline aligns with the company’s efforts to rationalize unprofitable services and the loss of government contracts. The company experienced increased net cash outflows due to one-off costs related to a takeover bid by 5G Networks Limited, which now holds 89.685% of AUCyber’s shares. The company also announced a board and executive team refresh and successfully raised $2.75 million through an entitlement offer.
More about Sovereign Cloud Holdings Ltd.
YTD Price Performance: -44.29%
Average Trading Volume: 2,145,614
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$16.33M
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