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Scout Security Ltd. ( (AU:SCT) ) just unveiled an announcement.
Scout Security Ltd announced its quarterly cash flow report, highlighting a significant improvement in cash receipts and a reduction in operating cash outflows. The company signed a Non-Binding Letter of Intent to acquire Roo Inc, a New York-based DIY home security technology company, which is expected to bring cost and revenue synergies. Despite ongoing suspension from trade, Scout Security is exploring capital strategies to sustain operations and achieve positive EBITDA and cash flow post-acquisition.
More about Scout Security Ltd.
Scout Security Limited (ASX: SCT) is a white label security-as-a-service platform providing recurring revenue solutions for major security, internet service, and telecommunications providers globally. The company offers a DIY approach to home security, recognized for its flexibility and integration with IoT devices, and is an official partner of Amazon Alexa and Google’s Assistant.
Technical Sentiment Signal: Sell
Current Market Cap: A$1.63M
For detailed information about SCT stock, go to TipRanks’ Stock Analysis page.