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SkyFii Limited ( (AU:BEO) ) has issued an announcement.
Beonic Limited has achieved a year of consolidation and business transformation, eliminating over AU$4 million in operating expenses and securing its largest contract to date with a North African airport deal worth AU$10.6 million. The company continues to focus on product development and AI, maintaining a cash flow positive status. Additionally, Beonic has secured $4.2 million in funding through convertible notes, providing financial flexibility to pursue strategic initiatives and repay debts. The company aims to enhance shareholder value, despite challenges like limited trading liquidity and share price volatility.
More about SkyFii Limited
Beonic Limited operates in the technology industry, focusing on providing AI-driven solutions for large airports and retail properties. The company is known for its Beonic Vision product line and has secured significant contracts, including a major deal with seven airports in North Africa.
Average Trading Volume: 34,774
Technical Sentiment Signal: Sell
Current Market Cap: A$10.2M
Learn more about BEO stock on TipRanks’ Stock Analysis page.