Pentanet Ltd (AU:5GG) has released an update.
Pentanet Ltd has reported a robust quarter with a 26% QoQ increase in gross telco sales and a significant 114% YoY growth in gaming subscription revenue, amounting to $1.7 million. The company’s strategic promotions have bolstered 5G subscriber numbers by 46% QoQ, contributing to a 6% YoY rise in consolidated revenue to $20.9 million, and a 13% YoY increase in gross profit to $9.6 million. With a focus on customer experience and retention, Pentanet has also successfully reduced its EBITDA loss by 67% YoY and net cash used in operating activities by 82% YoY.
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