Audeara Ltd. (AU:AUA) has released an update.
Audeara Ltd. has announced a record-breaking quarter with unaudited revenues hitting $1.56 million, a 164% increase from the previous quarter, driven by the successful launch of products developed for Avedis Zildjian. The company also reported a significant reduction in net cash outflows by 56% and is actively pursuing strategic partnerships in large Asian markets. These milestones demonstrate the growing commercial potential of Audeara’s innovative AUA Technology platform.
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