iCandy Interactive Ltd (AU:ICI) has released an update.
iCandy Interactive Ltd has reported an 8% increase in cash receipts, reaching A$7.21 million for the quarter ended March 2024, along with a significant reduction in operating costs and net cash used in operating activities. The company is also optimistic about its upcoming zkCandy project, a collaborative venture with Matter Labs to develop a gaming-focused Layer2 hyperchain, targeting the Web3 market. This announcement follows the company’s strategic cost optimization efforts initiated in early 2023.
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