SkyFii Limited ( (AU:BEO) ) just unveiled an announcement.
Beonic reported a 6.4% increase in recurring revenue to $4.4 million and an annualized recurring revenue of $17.8 million for Q3 FY25. The company achieved a gross margin of 75.5%, reflecting its efforts to enhance profitability and progress towards cash flow breakeven. Key contract wins with major clients like JFK International Airport and Verizon, along with a strategic agreement with e& UAE, highlight Beonic’s strong market positioning. The appointment of a new CTO and ongoing cost reduction initiatives are expected to further strengthen its financial stability and competitive advantage.
More about SkyFii Limited
Beonic is a company operating in the Internet of Things (IoT) sector, focusing on providing solutions for airports and retail sectors. The company is committed to enhancing product adoption and maintaining financial stability through disciplined cost management and operational efficiency.
YTD Price Performance: -35.71%
Average Trading Volume: 15,085
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$12.84M
See more data about BEO stock on TipRanks’ Stock Analysis page.