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Global Invacom ( (SG:QS9) ) has provided an announcement.
Global Invacom Group Limited reported a significant revenue decline of 55.8% for the first quarter of FY2025, primarily due to the discontinuation of certain operations and decreased demand for its direct-to-home products. Despite the challenging market conditions, the company has implemented restructuring measures that have improved gross margins and reduced losses. The company remains committed to enhancing its product offerings and expanding its customer base, while monitoring potential impacts from US tariffs.
More about Global Invacom
Global Invacom Group Limited, incorporated in Singapore, operates in the satellite products industry, focusing on direct-to-home products and exploring opportunities in adjacent markets.
Average Trading Volume: 211,056
Technical Sentiment Signal: Sell
Current Market Cap: S$5.16M
For a thorough assessment of QS9 stock, go to TipRanks’ Stock Analysis page.