Flexiroam Ltd (AU:FRX) has released an update.
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FlexiRoam Ltd has announced a successful A$1 million capital raise through a rights issue to fuel marketing efforts, repay a CEO loan, and provide general working capital. Despite a negative operating cash flow of A$2.0 million due to strategic restructuring, the company saw a revenue increase of 40.9% year-on-year, and expects improved operating leverage in 2025 following significant technology investments. The company is focusing on disciplined operations and profitability within the promising eSIM global travel roaming sector.
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