Birddog Technology Ltd. (AU:BDT) recently announced a decline in revenue for the March quarter. The company reported A$3.7 million, which is a 24% decrease from the previous quarter. However, despite the decrease in revenue, Birddog Technology Ltd. remains financially strong with a cash balance of A$20.8 million and annual overhead savings of over A$2.0 million.
The company attributed this decline to a strategic decision to reduce old-generation camera inventories in preparation for new product launches. Despite this, positive momentum and confidence in the company’s future profitability are indicated by the successful release of four next-generation camera SKUs and positive industry recognition at NAB 2024. This suggests that Birddog Technology Ltd. is moving towards an EBITDA-positive future.
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