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FBR Limited ( (AU:FBR) ) just unveiled an update.
FBR Limited reported half-year revenue of $551,558, down 7% from the prior corresponding period, largely driven by the sale of USA-specification Mack trucks and smaller sales to Samsung Heavy Industries. Other income of $2.49 million from R&D tax incentives underpinned the result, reflecting the company’s continued reliance on research support alongside limited commercial sales.
The company cut its net loss to $5.29 million from $16.87 million a year earlier, helped by the R&D rebate and tighter operating costs, but net tangible assets per share fell to $0.001 from $0.01, underlining balance-sheet pressure. Auditors highlighted a material uncertainty over FBR’s ability to continue as a going concern due to ongoing losses and cash outflows, reinforcing the company’s dependence on future funding and successful commercialisation for long-term viability.
The most recent analyst rating on (AU:FBR) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on FBR Limited stock, see the AU:FBR Stock Forecast page.
More about FBR Limited
FBR Limited is an Australian company operating in the technology and industrial sector, focused on automated construction solutions and related equipment. Its activities include development work supported by R&D tax incentives and the sale of specialised vehicles and machinery to international customers such as Samsung Heavy Industries, indicating a niche focus on advanced construction and logistics applications.
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$30.86M
For detailed information about FBR stock, go to TipRanks’ Stock Analysis page.