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SkyFii Limited ( (AU:BEO) ) has shared an announcement.
Beonic reported Q3 FY26 year-to-date EBITDA margin of 15.8%, more than triple the prior year, on gross margins of 77.7%, highlighting strong operating leverage and disciplined cost control. Total quarterly revenue rose 13% year-on-year to $6.3 million, while year-to-date revenue reached $17.5 million, as the company continued to prioritise high-quality recurring revenue despite currency headwinds and previously disclosed churn.
The rollout of its major Moroccan Airports contract is on schedule, with three of seven airports completed and full deployment expected by 30 June 2026, after which the deal is set to contribute about $2.0 million in annual recurring revenue and $7.0 million in incremental billings. During the quarter Beonic also secured $1.5 million in new contracts and $1.5 million in renewals with airports, retailers and venue operators, retired a US$3.1 million debt facility, and outlined plans to convert its $38 million qualified pipeline and fixed-cost base into faster ARR growth and higher profitability through FY26 and FY27.
Management is targeting an FY26 exit ARR of $17.5 million to $18.0 million, positioning this as the start of a re-acceleration in growth rather than a plateau, supported by strong gross margins and the scaling of products such as Beonic Vision. The company aims to maintain a lean cost structure, enhance customer success to minimise churn, and strengthen its status as a global leader in airport and retail IoT solutions while remaining cash flow positive from operations.
More about SkyFii Limited
Beonic, listed on the ASX as BEO, operates in the airport and retail Internet of Things (IoT) and analytics sector, providing data-driven solutions such as Beonic Vision that use existing camera networks to generate flow analytics and visitor insights. The company focuses on large venues including airports, shopping centres and stadiums across APAC, EMEA and the U.S., with an emphasis on high-margin recurring software and analytics revenue.
Average Trading Volume: 38,360
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$6.75M
Find detailed analytics on BEO stock on TipRanks’ Stock Analysis page.