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
An update from NetLinkz Ltd. ( (AU:NET) ) is now available.
NetLinkz Ltd. reported a strong fourth quarter with significant customer receipts and strategic partnerships, notably with Kognitive Networks, to enhance its Securelink VSN sales. The company is expanding its operations in the Philippines, highlighted by the first major VSN license sale worth USD$1 million. Cost-cutting measures have been effective, with a 60% reduction in staff and corporate admin costs compared to the previous year. The restructuring of its China operations to a license-based model is expected to reduce geopolitical risks and improve market access. The company is also working on consolidating its debt to reduce borrowing costs and plans to apply for relisting on the ASX.
More about NetLinkz Ltd.
NetLinkz Ltd. operates in the technology industry, focusing on providing secure network solutions. Its primary product, VSN Plus, is delivered through Securelink, targeting enterprise and government markets, particularly in the Philippines and ASEAN region. The company is also involved in the Chinese market through a license-based relationship, mitigating geopolitical risks.
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.