Beam Communications Sees Strong Q3 Growth

Beam Communications Holdings Limited (AU:BCC) has released an update.

Beam Communications Holdings Limited reported a revenue increase of 5.5% to $9.3m in Q3, driven by robust growth in ZOLEO hardware sales and significant subscriber gains, with a 35% increase in ZOLEO subscribers and messages sent surpassing 45 million. While facing arbitration costs, the company maintains a healthy cash position of $2.7m and anticipates further growth in its cash balance due to strong free cash flow in the final quarter.

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