NetLinkz Ltd. (AU:NET) has released an update.
Netlinkz Ltd. reported $5.9 million in customer receipts for the last quarter, including $3.1 million from hardware sales, and announced significant cost reductions, including halving its staff in China to focus on high-margin businesses. The company is in the final stages of testing its VSN Plus product in South-East Asia and continues to restructure its debt, aiming to refinance approximately $10 million in short-term obligations. Moreover, Netlinkz has ceased operations of its underperforming SouthCloud business and is actively collaborating with Starlink to expand its customer base in Australia and South-East Asia.
For further insights into AU:NET stock, check out TipRanks’ Stock Analysis page.
