Flexiroam Ltd (AU:FRX) has released an update.
FlexiRoam Ltd has reported a significant upturn in its Q3 financial performance, with a 44% year-over-year revenue increase to A$3.91M and a notable improvement in operating cash flow, achieving A$834k. The company also successfully completed a A$2M capital raise to fund growth initiatives and R&D, and appointed a new CEO, Steve Picton, along with a highly skilled Advisory Board to steer its revised corporate strategy. These strategic moves are set to bolster FlexiRoam’s position in its core travel segment and enhance its corporate partnerships.
For further insights into AU:FRX stock, check out TipRanks’ Stock Analysis page.
