DC Two Ltd. (AU:AI1) has released an update.
Adisyn Ltd has reported a significant increase in quarterly cash receipts and revenue, by approximately 42% and 57% respectively, while reducing net cash used in operating activities by about 72% in comparison to the same quarter the previous year. The company is shifting its strategic focus towards the Australian defence industry’s supply chain, expecting this to enhance long-term recurring revenues with higher margins. Additionally, Adisyn is exploring partnerships to extend its cybersecurity offerings and has completed a share placement to fund further business development.
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