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VEEM Navigates $24.8m Gyro Impairment Amid Mark III Launch Pause
9:36am on Monday 23rd of February, 2026 AEDT
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Manufacturing
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VEEM Navigates $24.8m Gyro Impairment Amid Mark III Launch Pause
9:36am on Monday 23rd of February, 2026 AEDT
Key Points
1HFY26 revenue approximately $23.4 million, near guidance
EBITDA slightly negative at -$0.2 million excluding adjustments
Operational cash flow up 128% to $4.0 million
Non-cash impairment charge of $24.8 million on gyro development costs and inventory
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