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Beam Communications Holdings Limited ( (AU:BCC) ) just unveiled an update.
Beam Communications Holdings Limited has announced a significant financial turnaround following the divestment of its joint venture with Zoleo Inc., which unlocked approximately US$9.5 million. Despite a 21.6% drop in statutory revenue due to the JV exit, the company reported a 47.5% increase in normalised free cash flow and a positive EBITDA of $1.9 million, indicating a strong core business. The company has improved its gross margins to 34.4% by shifting its sales mix away from low-margin ZOLEO devices and is on track to exceed $2.7 million in annual cost savings by FY26. The positive financial outlook for FY26 is supported by a clean balance sheet and a rebound in financial performance, positioning Beam to deliver higher revenue and increased cash holdings.
More about Beam Communications Holdings Limited
Beam Communications Holdings Limited operates in the communications industry, focusing on satellite communication products and services. The company is known for its equipment sales, including Beam-branded and OEM equipment, and has a market focus on satellite communication devices and services.
Average Trading Volume: 83,508
Technical Sentiment Signal: Hold
Current Market Cap: A$11.23M
Find detailed analytics on BCC stock on TipRanks’ Stock Analysis page.