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Flexiroam Ltd ( (AU:FRX) ) has shared an update.
Flexiroam Ltd reported a 7% increase in revenue for the half-year ending December 31, 2024, totaling AUD 7.58 million. However, the company experienced a significant increase in net loss, which rose by 404% to AUD 2.12 million. The report highlights a material uncertainty regarding the company’s ability to continue as a going concern, emphasizing the need for positive operating cash flows or additional funding to sustain its operations.
More about Flexiroam Ltd
Flexiroam Ltd operates in the telecommunications industry, providing innovative connectivity solutions. The company focuses on offering global mobile data services, catering to travelers and businesses seeking seamless internet access across different regions.
Average Trading Volume: 462,331
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$7.86M
For detailed information about FRX stock, go to TipRanks’ Stock Analysis page.