Beam Communications Holdings Limited (AU:BCC) has released an update.
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Beam Communications Holdings Limited reported a positive free cash flow of $0.5 million in Q4, with an overall increase to $1.7 million when excluding one-off arbitration payments. Despite a 34% drop in total quarterly revenue due to lower hardware sales, the company saw a 44% increase in annualised subscription revenue, driven by a substantial rise in ZOLEO subscribers and message traffic. Beam’s effective capex control contributed to four consecutive quarterly reductions in spending, positioning the company with a solid cash reserve of $3.1 million.
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