Wooboard Technologies Limited (AU:1TT) has released an update.
Thrive Tribe Technologies Limited announced the successful completion of the Kumu app’s beta phase, leading to a strategic review of its technology suite, including Kumu and WooBoard. As part of their cost rationalization, they’ve significantly reduced Kumu’s team, retaining two full-time executives to oversee future development. Furthermore, the company is exploring capital raising options and potential exits from investments in Slik and Daily Food to focus on core business growth without needing additional market capital at this stage.
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