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Beam Communications expects rebound despite interim loss, appoints valuer for ZOLEO stake

Summary by sharecafe.com.au

Beam Communications Holdings (ASX: BCC) has reported a net loss of $12.7 million for the first half of FY25 but expects a rebound in the second half, citing an improved order pipeline and cost reductions. The company has also appointed an independent valuer to determine the price of its 50% stake in ZOLEO Inc. ahead of its sale to joint venture partner Roadpost Inc. Interim loss driven by one-off items Beam’s interim revenue fell 18.8% year-on-y…

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sharecafe.com.au

Beam Communications expects rebound despite interim loss, appoints valuer for ZOLEO stake

Beam Communications Holdings (ASX: BCC) has reported a net loss of $12.7 million for the first half of FY25 but expects a rebound in the second half, citing an improved order pipeline and cost reductions. The company has also appointed an independent valuer to determine the price of its 50% stake in ZOLEO Inc. ahead of its sale to joint venture partner Roadpost Inc. Interim loss driven by one-off items Beam’s interim revenue fell 18.8% year-on-y…

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sharecafe.com.au broke the news in 2 days ago on Friday, February 21, 2025.

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