tiprankstipranks
Company Announcements

FBR Limited Reports Increased Losses Amid Revenue Decline

Story Highlights
FBR Limited Reports Increased Losses Amid Revenue Decline

The latest update is out from FBR Limited ( (AU:FBR) ).

FBR Limited reported a 13% decline in revenue to $593,864 for the half-year ending December 2024, with a 6% increase in net loss to $16,867,245. The company’s financial performance was impacted by significant costs including professional services, corporate administration, and USA deployment expenses. Additionally, there is a material uncertainty regarding the company’s ability to continue as a going concern, as highlighted in the audit report.

More about FBR Limited

FBR Limited operates in the construction technology industry, providing innovative solutions such as Wall as a Service and residential housing sales. The company focuses on leveraging advanced technologies to enhance construction processes and efficiency.

YTD Price Performance: -5.00%

Average Trading Volume: 394,459

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $70.2M

See more data about FBR stock on TipRanks’ Stock Analysis page.

Questions or Comments about the article? Write to editor@tipranks.com
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1