TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
NetLinkz Ltd. ( (AU:NET) ) has shared an update.
Netlinkz Limited announced its quarterly cash flow report, highlighting the establishment of proof of concepts (POCs) with PT&T customers to demonstrate the effectiveness of its VSN+ product in enhancing network security and performance. The company has signed a joint venture agreement with PT&T to form Securelink Networks, aiming to leverage PT&T’s extensive telco experience to penetrate the Philippine and broader ASEAN markets. The joint venture, where PT&T holds a 51% stake, will enable Netlinkz to secure government contracts as a local entity. Financially, the company reported $2.4 million in receipts for the quarter, with a focus on extending debt terms and refinancing short-term debt.
More about NetLinkz Ltd.
Netlinkz Limited operates in the cybersecurity industry, focusing on providing cost-effective cyber security solutions for enterprise and government customers, particularly in the ASEAN region. The company offers products like VSN+ and SSI, aiming to fill a market gap left by expensive solutions from well-known US companies.
Average Trading Volume: 5,230,122
Technical Sentiment Signal: Sell
Current Market Cap: A$11.64M
For a thorough assessment of NET stock, go to TipRanks’ Stock Analysis page.