Birddog Technology Ltd. Reports Solid A$3.7 Million in Revenue for March Quarter Despite Strategic Decision to Reduce Old-Generation Camera Inventories
Birddog Technology Ltd. (AU:BDT) recently announced an update on their financial performance for the March quarter. Despite a 24% decrease in revenue from the previous quarter, the company reported a solid A$3.7 million in revenue for the March quarter. This decline was due to a strategic decision to reduce old-generation camera inventories in preparation for upcoming new product launches.
Despite the decrease in revenue, Birddog Technology Ltd. remains in a strong financial position with a cash balance of A$20.8 million and annual overhead savings of over A$2.0 million. The successful release of four next-generation camera SKUs and positive industry recognition at NAB 2024 are seen as indicators of positive momentum and confidence in the company’s future profitability. These developments suggest that Birddog Technology Ltd. is moving towards an EBITDA-positive future.
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