Birddog Technology Ltd. (AU:BDT) has released an update.
Birddog Technology Ltd. reported a challenging fiscal year 2024, with a 36% decline in revenue to $18.3 million and a net loss of $16.9 million, attributed to an intensive organizational restructure and legal costs from a settlement with a former contract manufacturer. Despite these losses, the firm launched new next-generation products with an improved margin and successfully reduced annual overheads by more than $3 million. The company maintains a strong cash position of $16.5 million and shows promising signs of recovery with increased demand for its latest offerings.
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