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How Beam’s $14.6M Zoleo Exit Fuels a Leaner, Stronger Satellite Business
2:28am on Saturday 30th of August, 2025 AEST
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Technology
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How Beam’s $14.6M Zoleo Exit Fuels a Leaner, Stronger Satellite Business
2:28am on Saturday 30th of August, 2025 AEST
Key Points
Divestment of Zoleo Inc. JV unlocking ~US$9.5 million for shareholder capital return
Statutory revenue down 21.6% to $25.7 million due to JV exit, but normalised EBITDA positive at $1.9 million
Gross margin improved to 34.4% as sales shifted from low-margin Zoleo devices
Cost savings exceeding $2.7 million on track for FY26 with executive pay cuts and waived director fees
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