Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
An update from Beam Communications Holdings Limited ( (AU:BCC) ) is now available.
Beam Communications Holdings Limited reported a positive adjusted free cash flow of $753,000 for the quarter ending December 31, 2024, despite a net operating cash outflow of $2.2 million due to $3 million in one-off costs related to the ZOLEO arbitration. The company anticipates significant improvements in operating cash flow for the next quarter due to cost savings and new order timings, illustrating resilience amidst its ongoing business transformation efforts.
More about Beam Communications Holdings Limited
Beam Communications Holdings Limited is an Australian publicly-listed company specializing in the design, development, manufacture, and distribution of satellite, cellular, and dual-mode equipment applications and services. Beam’s products and services are utilized by major satellite and telecommunications firms such as Iridium, Telstra, KDDI, Inmarsat, and Thuraya. The company is also known for the award-winning ZOLEO device, which contributes to recurring subscription revenues.
YTD Price Performance: 0.0%
Average Trading Volume: 173,396
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$5.19M
See more insights into BCC stock on TipRanks’ Stock Analysis page.
