Flexiroam Ltd (AU:FRX) has released an update.
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FlexiRoam Ltd has reported a significant upturn in its Q3 financial performance, with a 44% year-over-year revenue increase to A$3.91M and a notable improvement in operating cash flow, achieving A$834k. The company also successfully completed a A$2M capital raise to fund growth initiatives and R&D, and appointed a new CEO, Steve Picton, along with a highly skilled Advisory Board to steer its revised corporate strategy. These strategic moves are set to bolster FlexiRoam’s position in its core travel segment and enhance its corporate partnerships.
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