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FBR Limited ( (AU:FBR) ) just unveiled an announcement.
FBR Limited has successfully completed its A$6.3 million placement, receiving the final tranche of funds amounting to approximately A$0.54 million. The company has made significant strides in reducing operational costs, particularly through headcount reduction, and has consolidated its operations into a single location. These measures, along with the repayment of a portion of its debt, have positioned FBR in a stronger financial state, allowing it to focus on its core technical team and ongoing R&D projects, including collaborations with external partners like Samsung Heavy Industries.
More about FBR Limited
FBR Limited is a company specializing in robotic technology, focusing on the commercialization of Dynamic Stabilisation Technology (DST) with long boom robotics. Their primary products include the Hadrian X robot and Wall as a Service (WaaS), with applications in the shipbuilding, steel, and energy industries.
Average Trading Volume: 19,695,309
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$33.81M
For a thorough assessment of FBR stock, go to TipRanks’ Stock Analysis page.