An update from Flexiroam Ltd ( (AU:FRX) ) is now available.
Flexiroam Ltd has achieved profitability in March 2025, driven by a streamlined cost base and a strategic focus on platform-based recurring revenue. The company has strengthened its financial position with a $3.93 million rights issue, reducing debt and enhancing financial flexibility. New partnerships with Etihad Airways and Mondelez International support its shift towards a platform-based model, enabling global eSIM subscriptions for enterprise clients. Flexiroam enters Q4 FY25 with strong momentum, focusing on scaling its platform and accelerating recurring revenue growth through continued investment in R&D and innovation.
More about Flexiroam Ltd
Flexiroam Ltd operates in the telecommunications industry, primarily offering global connectivity solutions through its eSIM technology. The company focuses on platform-based recurring revenue models, catering to both consumer and enterprise clients, with a strategic emphasis on expanding its Connectivity-Platform-as-a-Service (CPaaS) offerings.
Technical Sentiment Signal: Buy
Current Market Cap: A$7.86M
For detailed information about FRX stock, go to TipRanks’ Stock Analysis page.