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Linius Technologies ( (AU:LNU) ) just unveiled an update.
Linius Technologies Limited reported a productive quarter ending June 2025, marked by a 17.7% increase in billings and a $45,000 payment for a Proof of Concept with a major European football league. The company is undergoing a strategic transformation to enhance its commercial SAAS operations, highlighted by the appointment of Andrew Demetriou and Brent Jones to the board. Cost-saving initiatives have reduced annual costs by 21%, despite new sales hires, and a capital raising initiative secured $2.35 million. These efforts aim to drive Linius towards cashflow breakeven, strengthen its market position, and expand its sales pipeline.
More about Linius Technologies
Linius Technologies Limited is a company operating in the software as a service (SAAS) industry, focusing on video solutions. Their primary products include the Linius Video Services (LVS) platform and the Whizzard product, which enable users to efficiently search, edit, and publish video content. The company targets markets such as sports federations in Europe and the Middle East, aiming to enhance content utilization and drive additional revenue.
Technical Sentiment Signal: Sell
Current Market Cap: A$6.5M
Learn more about LNU stock on TipRanks’ Stock Analysis page.