BirdDog Technology Ltd Faces Sharp Revenue Decline
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BirdDog Technology Ltd Faces Sharp Revenue Decline

Birddog Technology Ltd. (AU:BDT) has released an update.

BirdDog Technology Limited has reported a significant downturn with revenues dropping 36.5% to $18.3 million and losses increasing by 203.4% to $16.9 million for the fiscal year ending June 30, 2024. The company’s financial struggles are attributed to various factors, including a $4.64 million impairment loss related to the Bolin settlement and increased investment in research and development. Despite these challenges, BirdDog maintains a strong cash position at $16.53 million.

For further insights into AU:BDT stock, check out TipRanks’ Stock Analysis page.

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