Curvebeam AI Ltd. (AU:CVB) has released an update.
CurveBeam AI Limited reported lower annual revenues for FY24 at $6.5m, down from the previous year, but enters FY25 with $4.9m in contracted purchase orders, promising a strong start. Despite a net loss after tax of $23.1m, the company has successfully reduced the second half loss by 37% compared to the first half of FY24 and raised $11.58m post year end to fund the launch of their enhanced HiRise™ scanner. CEO Greg Brown remains optimistic about the company’s global market position and upcoming opportunities in FY25.
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