Latest Beonic (ASX:BEO) News

Beonic has landed a landmark AU$15.2 million contract to deploy its LiDAR passenger flow technology across seven major North African airports, marking a strategic expansion into the region ahead of a major 2030 sporting event.

Beonic Limited reported a 6.5% increase in annual recurring revenue to $17.8 million and a significant gross margin improvement to 75.5%, driven by new global contracts and disciplined cost management. The company targets cash flow breakeven in Q4 FY25 and an EBITDA margin of up to 15%.

Beonic's Q2 FY2025 results reveal steady recurring revenue growth and a significant gross margin improvement, underpinning its path to cashflow breakeven. Strategic contract wins and leadership appointments position the company for accelerated IoT adoption.