NetLinkz Ltd. (AU:NET) has released an update.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
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.
For further insights into AU:NET stock, check out TipRanks’ Stock Analysis page.