NetLinkz Ltd. (AU:NET) has released an update.
Netlinkz Limited has reported modest revenue growth and increased gross profit for the first half of FY2023, alongside a strategic shift towards cost reduction and operational efficiency, including the in-house development of VSN and the sale of Starlink hardware. The company is refocusing its efforts on expanding its VSN product offerings in South East Asia and investing in its SSI business for sustained growth. Looking ahead, Netlinkz plans to hold an EGM to explore capital market opportunities and is working on refinancing its debt to improve financial stability.
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