Kerlink SA (FR:ALKLK) has released an update.
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Kerlink SA, a French IoT solutions provider, reports a 6% decrease in H1 2024 revenues compared to H1 2023, with significant declines in service sales due to terminated contracts and delayed infrastructure orders. Despite this, the company has improved its cash flow, reaching €5.3m at end-June, and maintains a focus on winning new customers and leveraging its strong product offerings in a growing LoRa® market. However, due to market uncertainties, Kerlink is unable to confirm its previously envisaged financial targets for 2024.
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