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Scout Security Ltd. ( (AU:SCT) ) has issued an update.
Scout Security Ltd. reported a significant reduction in operating cash outflows by 62% year-on-year for the quarter ending March 31, 2025, with cash receipts totaling $320k. The company is focusing on achieving positive EBITDA and breakeven-to-positive cash flow, while continuing discussions for a potential acquisition of Roo Inc. Scout’s ongoing collaboration with a multi-trillion-dollar partner at the CES trade show highlights its strategic efforts to expand market opportunities. The company maintains sufficient funding to support its operations in the upcoming quarters.
More about Scout Security Ltd.
Scout Security Limited (ASX: SCT) is a white label security-as-a-service platform and product suite that generates recurring revenue for major security, internet service, and telecommunications providers globally. The company offers a DIY security monitoring system under subscription plans, providing security solutions for residential homes, small-to-medium businesses, and multi-tenant buildings. Scout is recognized for its design-centric approach and partnerships with Amazon Alexa and Google’s Assistant.
Technical Sentiment Signal: Sell
Current Market Cap: A$1.63M
Learn more about SCT stock on TipRanks’ Stock Analysis page.