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.
The latest update is out from SkyFii Limited ( (AU:BEO) ).
Beonic reported significant financial progress in Q2 FY25, with a 5.3% increase in recurring revenue to $4.4 million and annual recurring revenue of $17.6 million. The company’s gross margin improved to 77.4%, reflecting effective cost management and a move towards cashflow breakeven. Key contract wins and renewals with major partners, such as JFK and Heathrow Airport, underscore Beonic’s strengthened market position. The company also announced leadership appointments and launched an Investor Hub to boost shareholder engagement. Looking forward, Beonic focuses on accelerating product adoption and converting a $28.7 million deal pipeline to sustain growth and enhance customer satisfaction.
More about SkyFii Limited
Beonic operates in the Internet of Things (IoT) solutions industry, focusing particularly on the Airports and Retail sectors. The company aims to provide innovative technology solutions to enhance operational efficiency and customer experiences, driving financial stability through disciplined cost management and product adoption.
YTD Price Performance: -10.71%
Average Trading Volume: 26,513
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: A$17.84M
For an in-depth examination of BEO stock, go to TipRanks’ Stock Analysis page.
