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Cape Range’s Biztrak Surges 29% Revenue Amid Rights Issue Setback

4:41am on Monday 2nd of June, 2025 AEST Technology
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Cape Range’s Biztrak Surges 29% Revenue Amid Rights Issue Setback

4:41am on Monday 2nd of June, 2025 AEST
Key Points
  • Biztrak revenue up 29% year-on-year to RM506k (AUD182k)
  • Rights issue cancelled after major shareholder iFree Group withdrew support
  • Net cash outflow improved to AUD91k despite increased advisory costs
  • E-invoicing training and software upgrades accelerated ahead of July 2025 compliance deadline
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