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SkyFii Limited ( (AU:BEO) ) just unveiled an announcement.
Beonic has accelerated its landmark Moroccan Airports passenger flow management project, securing an initial 30‑month phase covering seven airports with a contract value of $7.3 million, part of a broader deal worth up to $10.5 million and expected to materially lift recurring revenue once fully rolled out. During Q2 FY26, the company strengthened its balance sheet via a $4.27 million convertible note raise—anchored by major shareholder Thorney Investment Group and insiders—and used the proceeds to fully repay a US$3.10 million loan facility, while maintaining strong gross margins of 78%, EBITDA profitability of 13.1% and positive operating cash flow despite one-off restructuring costs. Beonic also reported $1.9 million in new contracts and expansions and $3.0 million in renewals with major airport and retail clients globally, partially offsetting ARR pressure from churn in the UK and a temporary suspension by a US municipal customer, and reaffirmed FY26 priorities around converting its $44 million sales pipeline, scaling its AI-based CCTV offering in North America, and preserving a lean cost base as it positions itself as a leading global provider of airport and retail IoT solutions.
More about SkyFii Limited
Beonic (ASX: BEO), formerly Skyfii, operates in the AI-driven Internet of Things (IoT) and data analytics sector, providing passenger flow management and related smart-venue solutions for airports, retailers, municipalities and large public spaces. Its platform focuses on measuring, analysing and optimising physical-world traffic and behaviour, with a growing emphasis on AI-based CCTV analytics and a strong presence in airport and retail markets across North America, EMEA and APAC.
Average Trading Volume: 34,944
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$9.55M
For an in-depth examination of BEO stock, go to TipRanks’ Overview page.