Intelligent Monitoring Group Limited (AU:IMB) has released an update.
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Intelligent Monitoring Group Limited has laid the groundwork for significant growth in FY25 with the acquisitions of Adeva Home Solutions, ACG Integration, and Alarm Assets Group, poised to boost cash flow following a strong FY24 end. The company is also progressing with a strategic refinancing plan to enhance shareholder value, leveraging substantial tax losses from prior years. With a healthy $25.5 million cash reserve and operating cash flow of +$4.7m for the year, IMG is on track to reclaim market leadership, especially after hitting a $1m delivered monthly run-rate in June for its ADT Commercial business.
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