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BSA Limited ( (AU:BSA) ) just unveiled an announcement.
BSA Limited reported that its performance for the March quarter was broadly break-even, marking a transitional period as it repositions for future growth after losing key contracts. Revenue for the year to date fell 88% to $26.7 million and EBITDA dropped 72% to $5.9 million, with results heavily supported by one-off transition payments following the expiry of its nbn contract.
Despite the sharp earnings decline and the risk of a loss in the final quarter, BSA emphasised it is expanding its customer base and has several opportunities expected to materialise in coming periods. The company closed the quarter with a solid net cash position of $17.6 million and no external borrowings, with positive quarterly operating cash flow indicating that, excluding significant redundancy payments, the underlying cash generation remains positive.
More about BSA Limited
BSA Limited is an Australian services provider focused on infrastructure and technical projects, historically including work for major telecommunications and metering clients such as nbn, Bluecurrent and Intellihub. The Group is reshaping its operations around a more defined customer base and is actively pursuing new contract opportunities to rebuild its revenue pipeline and support future growth.
Average Trading Volume: 500,198
Technical Sentiment Signal: Hold
Current Market Cap: A$27.86M
For a thorough assessment of BSA stock, go to TipRanks’ Stock Analysis page.