Birddog Technology Ltd. (AU:BDT) has released an update.
BirdDog Technology Ltd. reports a challenging yet transformative March quarter with a revenue of A$3.7 million, a 24% decrease compared to the previous quarter, due to a strategic rundown of old-generation camera inventories in preparation for new product launches. Despite the revenue dip, the company remains in strong financial position with a cash balance of A$20.8 million and has implemented over A$2.0 million in annual overhead savings. The successful release of four next-generation camera SKUs and significant industry recognition at NAB 2024 signal positive momentum and confidence in an EBITDA-positive future.
For further insights into AU:BDT stock, check out TipRanks’ Stock Analysis page.
