Flexiroam Ltd (AU:FRX) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
FlexiRoam Ltd has announced a successful A$1 million capital raise through a rights issue to fuel marketing efforts, repay a CEO loan, and provide general working capital. Despite a negative operating cash flow of A$2.0 million due to strategic restructuring, the company saw a revenue increase of 40.9% year-on-year, and expects improved operating leverage in 2025 following significant technology investments. The company is focusing on disciplined operations and profitability within the promising eSIM global travel roaming sector.
For further insights into AU:FRX stock, check out TipRanks’ Stock Analysis page.