Flexiroam Ltd (AU:FRX) has released an update.
Flexiroam Ltd has completed a strategic transformation, aiming for improved operating leverage and capital-light revenue growth. Despite a slight dip in gross profit due to a cyber-theft incident and travel segment margin pressures, the company reported a 3.1% increase in revenue for Q1 FY25. With a new SIM management partnership and cost reduction strategies in place, Flexiroam is poised to capitalize on opportunities in the eSIM global travel roaming sector.
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