NetLinkz Ltd. (AU:NET) has released an update.
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Netlinkz Limited reported a 4% revenue increase in the fiscal year ending June 2024, achieving $21.55 million, despite a significant net loss of $15.6 million, widening from the previous year’s $11.9 million loss. The company faced challenges including cost overruns, a problematic shift away from hardware reselling, and delays in launching its next-generation VSN software, which impacted revenue generation. Despite setbacks, Netlinkz’s cyber technology continues to be used by Fortune 500 companies and NGOs without any security breaches.
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