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An update from Flexiroam Ltd ( (AU:FRX) ) is now available.
Flexiroam Ltd announced its financial results for the year ending June 30, 2025, highlighting a strategic turnaround following a CEO change in December 2024. Despite an 8.6% decline in revenue, the company significantly reduced operating expenses in the second half of the year, achieving a positive EBITDA and net profit after tax. This operational reset aimed to exit lower-margin channels, setting a profitable foundation for the next fiscal year. The company’s cash position improved from $1.6 million to $2.8 million by July 31, 2025, indicating strong operating cash flows.
More about Flexiroam Ltd
Flexiroam Ltd operates in the telecommunications industry, focusing on providing global connectivity solutions. The company specializes in offering data roaming services and aims to enhance communication for travelers and businesses worldwide.
Technical Sentiment Signal: Sell
Current Market Cap: A$9.43M
See more insights into FRX stock on TipRanks’ Stock Analysis page.