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AUCyber Battles $1.6M Loss, Rejects 5GN Takeover Bid Amid Integration Woes
8:23am on Wednesday 15th of January, 2025 AEDT
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AUCyber Battles $1.6M Loss, Rejects 5GN Takeover Bid Amid Integration Woes
8:23am on Wednesday 15th of January, 2025 AEDT
Key Points
Unaudited revenue of $12.2 million and underlying EBITDA loss of $1.6 million for H1 FY25
Cash reserves stand at $5.0 million with no debt, but operating cash flow remains negative
Board recommends shareholders reject 5GN Networks’ $0.11 per share takeover bid
Recent CEO termination and integration challenges following May 2024 four-way merger
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