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Beam Communications Holdings Limited ( (AU:BCC) ) has shared an announcement.
Beam Communications Holdings Limited reported a positive operating cash flow of $1.3 million for the quarter ending March 31, 2025, marking a significant turnaround from the previous quarter’s outflow. The company’s available funds increased to $2.8 million, driven by a 27.6% rise in customer receipts. Despite a 14.1% decline in Beam-branded equipment sales due to large prior orders, recurring revenue grew by 28.3%, supported by strong ZOLEO royalties and Airtime sales. Beam’s cost-saving initiatives are on track to cut $2.7 million annually, enhancing its financial stability and operational efficiency.
More about Beam Communications Holdings Limited
Beam Communications Holdings Limited is an Australian publicly-listed company specializing in the design, development, manufacture, and distribution of satellite, cellular, and dual-mode equipment applications and services. The company is known for its world-first innovations and partnerships with major satellite and telecommunications companies like Iridium, Telstra, KDDI, Inmarsat, and Thuraya. Beam also developed the award-winning ZOLEO device, contributing to its recurring subscription revenues.
YTD Price Performance: 25.00%
Average Trading Volume: 129,052
Technical Sentiment Signal: Buy
Current Market Cap: A$6.48M
See more data about BCC stock on TipRanks’ Stock Analysis page.